Obviously, we currently have a construction boom, at least if you read various media reports
As always, relative: building permits are even slightly declining compared to last year if you read various media reports.
Then why is there no relief in the rental market when so many people are building?
- see above
- demand greater than supply
If you deal a little deeper with the matter, there is a slightly increasing supply opposed by a much stronger increasing demand.
Why?
We have an increasing number of households, despite a stagnant population. More single households, fewer multigenerational households.
Increasing sqm per capita. We afford more.
And a few other points.
The key figures therefore do not indicate a bubble (except possibly individual spots).
If prices should fall again at some point... then only if the economy worsens significantly. Everyone can assess for themselves if and when this will happen. Interest rates won’t do it for now... at least not in the short term. Initial recession fears are subsiding or easing...