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Prices of Accommodation for Students in Germany Increase Due to COVID-19 Situation

While a common room for students in Germany will cost around €391 in 2021, rent has increased by nearly six percent to €414 at the beginning of this year, according to research conducted by the Moses Mendelssohn Institute (MMI) in partnership with property portal WG.

The 2021 pricing was caused by the price dampening effect of COVID-19, and a price hike is expected in the coming months, the research authors claimed, reports.

“There are many indications that this is just the beginning of a large wave of price increases in student housing, bolstered by rising energy prices, which are having a disproportionate impact here,” MMI Director General Stefan Brackmann stated.

Director Brackman also indicated that prices are expected to rise, especially in September and the beginning of winter.

The research examined 25,000 housing offers in 97 institutions of higher education and 5,000 students in the German country.

Moreover, the same revealed that students in the East pay less for shared accommodation, while other cities, for example, Munich (680 € per month) followed by Frankfurt (550 €), Hamburg and Berlin (500 € each), It is the most expensive city, with Stuttgart ranked fifth with an average rental price of €490 per month.

At the end of January, the cheapest shared rooms were registered in Cottbus (230 euros), Freiberg, Metoeda and Chemnitz (256 euros) and Wismar (270 euros), which are located in the eastern region of the country.

In addition, prices have risen in traditional university towns, with shared accommodation in Freiburg costing 464 euros, 450 euros in Heidelberg and 445 euros in Tübingen. Shared rooms in Münster, western Germany, cost around €395.

Brackman also emphasized that the prices of shared rooms will rise as the demand for shared accommodation increases.

The director stressed that “the demand for accommodation in a suitable location for the university is increasing,” noting also that many students who have postponed relocation during the pandemic will certainly do so “in light of the expected relaxation of the Corona virus.”

A report by the European Travel Council (ETC) showed that accommodation rates across the 27-nation bloc rose by 10.5 per cent, showing positive trends in the industry after it was hit by the pandemic.

ETC data reveals that the EU countries with the lowest occupancy rates in 2021 were Czech Republic (-68.7 percent), Slovakia (-67.2 percent), Hungary (-59.9 percent) and Ireland (-57.7 percent). Moreover, the countries with the highest number of bookings in hotels and other accommodation facilities were Serbia (-4.7 percent), Bulgaria (-5.9 percent), and Turkey (-6.4 percent).

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