A residential housing apartment block located in the Mitte district of Berlin. Berlin rents rose 3.1 per cent a year in 2011 and 2012. Photo: Bloomberg

Berlin home rents rise at slower pace in 2011 and 2012

The Berlin Mietspiege index, published last week by the Berlin Department for Urban Development, shows an average annual rise of 4 per cent for 2009 and 2010. Analysts expected an increase of 2 per cent to 4 per cent a year based on estimates compiled by Berlin landlords GSW Immobilien and Deutsche Wohnen, said Thomas Rothaeusler, an analyst at Commerzbank.