Nuremberg

The housing market in Nuremberg, Germany, is characterized by a significant shortage of affordable housing and rising rents. Approximately 37 million people in Germany rent their housing, while about 27.9 million own their homes. In Nuremberg, the growing population and influx of young professionals and expats have exacerbated the demand for housing, leading to fierce competition and high prices. The city's vacancy rate is low, with only about 2.8% of residential units available as of 2021.

To address the housing crisis, Nuremberg has implemented various measures. The city has extended housing construction since 2013, with a notable increase in apartment construction in 2014 and 2015. The urban development concept "Living in the year 2025" aims to meet the housing challenges by addressing the lack of building land and high construction costs. Additionally, the city focuses on providing affordable housing options, although the lack of apartments in the lower price segment remains a significant issue. These efforts aim to ensure that Nuremberg continues to offer a high quality of life despite the housing challenges.