Household energy costs are rising significantly – Image: Alexander Raths|Shutterstock.com
Rents and utility costs continue to rise steadily and relatively moderately – however, household energy costs have recently increased dramatically. As the graphic based on data from the Federal Statistical Office shows, the corresponding index has risen significantly and in March 2022 was 35 percent higher than in the same month of the previous year. According to the Federal Statistical Office, uncertainties in the energy markets and the strained natural gas supply situation before Russia's attack on Ukraine contributed to the high energy price increases.
In 2020, prices had plummeted, partly due to the decline in oil prices. Oil and heating oil prices have since significantly exceeded pre-pandemic levels. Household energy encompasses all energy sources used by private households for cooking, heating, lighting, and operating appliances. Electricity, gas, heating oil, and district heating make up the largest share of this category.
Cost explosion in the area of household energy
Rents are also rising: The net rent index has shown a nearly constant upward trend since the beginning of 2019. Currently, in February, it stands at 109.8 points (+1.6% above the level of the same month last year). However, it's important to remember that the real estate market is considered sluggish and often only reacts to developments and changes months or even years later.
Consumer prices for ancillary housing costs in February 2022 were 2.2% higher than in the same month of the previous year. These costs include water supply and sewage disposal, garbage collection, and other expenses that landlords can pass on to tenants. These include costs for property tax, garden maintenance, building cleaning, elevator maintenance, street cleaning, and chimney sweeping.
The graphic shows the development of housing cost indices for Germany
The graphic shows the development of housing cost indices for Germany – Image: Statista
English Version: Cost explosion in the area of household energy
Rents and ancillary housing costs continue to rise steadily and at a relatively moderate rate – the cost of household energy, on the other hand, has recently soared. As the chart based on data from the Federal Statistical Office shows, the corresponding index has risen significantly and is 35 percent higher in March 2022 than in the same month a year earlier. According to the Federal Statistical Office, uncertainties on the energy markets and the tense supply situation for natural gas prior to Russia's attack on Ukraine contributed to the high energy price increases.
In 2020, prices had still slumped significantly, partly due to the drop in the price of oil. In the meantime, oil and heating oil prices have significantly exceeded pre-Corona levels. The household energy item includes all energy sources required by private households for cooking, heating, lighting or operating household appliances. Electricity, gas, heating oil and district heating account for the largest share here.
Rents are also on the rise: An almost constant upward trend has been observed in the index of net cold rents since the beginning of 2019. It currently stands at a value of 109.8 points in February (+1.6% above the level of the same month of the previous year). However, it should be borne in mind that the real estate market is considered sluggish and often only reacts to developments and changes months or years later.
Consumer prices for ancillary housing costs were 2.2% higher in February 2022 than in the same month a year earlier. They include water supply and disposal, garbage collection, and other expenses that landlords can pass on to tenants. These include the costs of property tax, garden maintenance, building cleaning, maintenance of elevators or similar, street cleaning and chimney sweeping.
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