Nuremberg

Country

Population

523,000

Renting

3 Things...

1. Historical Significance: Nuremberg is known for its rich history and was once the unofficial capital of the Holy Roman Empire. It was a major center for trade and culture during the Middle Ages and is famous for its well-preserved medieval architecture, including the Nuremberg Castle. 2. Nuremberg Trials: The city gained international attention after World War II when it hosted the Nuremberg Trials, where leading Nazi officials were prosecuted for war crimes. This event set a precedent for international law and human rights. 3. Christmas Market: Nuremberg is renowned for its Christkindlesmarkt, one of the oldest and most famous Christmas markets in Germany. It attracts visitors from around the world with its festive atmosphere, traditional crafts, and delicious local treats like gingerbread and mulled wine.

Organisations

Knauf

Unlisted Orgs

Population (AI)

518,000

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Last edited

Sep 30, 2024 6:49 PM

Category

Local programs

Housing Market

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.

Further Actors?

Cooperatives

Housing cooperatives in Nuremberg play a significant role in providing affordable housing. These cooperatives offer a democratic, non-profit model that has been attractive due to rising construction costs and stringent financing conditions. In Germany, there are around 2,000 housing cooperatives, with approximately 2.2 million cooperative apartments, which account for more than 5% of all apartments and over 10% of all rental apartments. In Nuremberg, housing cooperatives are part of the broader German cooperative housing market. While specific data for Nuremberg is not provided, the city likely benefits from the national trend of increasing cooperative housing. New cooperatives have emerged in recent years, such as **Diese eG** in Berlin, which has expanded despite initial challenges. The city promotes cooperative housing through various initiatives. For instance, the municipality contributes by providing plots of land, and there are federal subsidy programs aimed at boosting the cooperative housing market. Additionally, cooperatives often collaborate with other housing associations and local authorities to implement large-scale housing projects, ensuring that affordable housing options are available to more residents.