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Like-for-like Rent Increases

The following tables provide an overview of the like-for-like rent increases in the company’s residential property portfolio.

Like-for-like Rent Increases by category

Residential in-place rent like-for-like*

Dec. 31, 2021

Residential units

Living area (in thou. m2)

Dec. 31, 2020 (p. a. in € million)

Dec. 31, 2021 (p. a. in € million)

Change (in %)

Strategic

319,661

19,865

1,651.3

1,708.0

3.4

Urban Quarters

233,227

14,368

1,176.7

1,218.4

3.5

Urban Clusters

86,434

5,497

474.6

489.6

3.2

Recurring Sales

23,379

1,562

133.1

136.8

2.8

Non-core Disposals

930

76

7.2

7.4

3.5

Vonovia Germany

343,970

21,504

1,791.6

1,852.3

3.4

Vonovia Sweden

37,343

2,670

321.3

329.9

2.7

Vonovia Austria

20,101

1,494

85.7

86.6

1.1

Total

401,414

25,667

2,198.5

2,268.8

3.2

  1. * The underlying portfolio has a fair value of € 59,974.7 million.

Like-for-like Rent Increases by region

Residential in-place rent like-for-like*

Regional Market

Residential units

Living area (in thou. m²)

Dec. 31, 2020 (p. a. in € million)

Dec. 31, 2021 (p. a. in € million)

Change (in %)

Berlin

44,374

2,835

225.0

239.7

6.6

Rhine Main area

26,582

1,697

174.7

179.4

2.7

Southern Ruhr area

41,633

2,563

198.0

204.8

3.4

Rhineland

28,065

1,880

168.7

173.6

2.9

Dresden

37,150

2,126

161.5

165.0

2.1

Hamburg

19,219

1,223

109.1

112.2

2.8

Kiel

23,751

1,364

108.1

112.6

4.2

Munich

9,527

626

63.6

65.4

3.0

Stuttgart

13,291

834

81.5

83.8

2.9

Hanover

15,790

999

83.2

85.2

2.5

Northern Ruhr area

24,255

1,497

107.8

110.3

2.4

Bremen

11,401

694

50.7

52.3

3.1

Leipzig

8,641

558

41.7

42.6

2.2

Westphalia

9,213

602

47.1

48.7

3.5

Freiburg

3,990

273

25.2

26.1

3.9

Other strategic locations

25,711

1,635

138.0

142.3

3.1

Total strategic locations Germany

342,593

21,405

1,783.7

1,844.2

3.4

Non-strategic locations

1,377

99

7.9

8.1

2.3

Vonovia Germany

343,970

21,504

1,791.6

1,852.3

3.4

Vonovia Sweden

37,343

2,670

321.3

329.9

2.7

Vonovia Austria

20,101

1,494

85.7

86.6

1.1

Total

401,414

25,667

2,198.5

2,268.8

3.2

  1. * The underlying portfolio has a fair value of € 59,974.7 million.