According to analyses by Aengevelt Research, Magdeburg is experiencing an increasing demand for micro-apartments. The background to this is in particular the growing internationality of Magdeburg in the scientific training and work areas, especially against the background of the envisaged local semiconductor cluster.
Micro-apartments with an area of 20 to 35 square meters are characterized by an efficient room layout as well as at least partial furnishing and usually offer services accompanying the living. They are designed to meet the needs of individuals who prefer flexible locations for a certain stage of life without wanting to bear the long-term obligations and costs of a larger apartment.
For students with the appropriate financial means (due to part-time jobs or family support), commuters or employees working on a temporary project in the city, micro-apartments offer an ideal form of housing. The growing spread of new forms of mobility such as e-scooters, e-bikes, car sharing and driving services promotes this development, as they allow residents to do without their own car without losing flexibility.
Investors, on the other hand, offer micro-apartments an interesting investment opportunity because the vacancy risks are low due to the high demand and because solid rental yields can be achieved. In addition, investors benefit from Magdeburg’s positive economic development, which is promoted by urbanization and the settlement of new companies. Micro-apartments thus contribute to relieving the housing market and offer potential for a sustainable increase in value in the real estate sector.”
More on this in the current Aengevelt quarterlies.Micro-apartments: High demand and potential returns.
