Hamburg's Student Housing Crisis Deepens as Rents Soar
Hamburg's student housing crisis deepens, with nearly two-thirds of student households struggling to afford rent. The city's high housing costs, coupled with a severe shortage, threaten both local and international students and potentially harm the economy.
The University of Hamburg, the city's largest, faces the highest rental prices. Students here spend more than half their income on housing, with a 30 sqm apartment costing 626 euros and a shared room 678 euros, including utilities. This financial burden is exacerbated by the state's insufficient BAföG housing allowance of 380 euros. The situation is so dire that even compared to other expensive student cities like Munich and Frankfurt, Hamburg remains unaffordable. Chemnitz, however, offers more affordable rents.
The housing market in university towns, including Hamburg, remains tense due to high demand and insufficient new construction. Rents have risen by an average of 2.3 percent, with Hamburg being one of the most expensive locations for students. This trend threatens the city's attractiveness for both German and international students, potentially impacting its economy.
Hamburg's student housing crisis, marked by high rents and insufficient allowance, affects both local and international students. With rents continuing to rise and new construction insufficient, the city must address this issue to maintain its appeal and economic stability.
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