Where demand thins out
Calculatedn = 2,262- Observation
- The sharpest fall sits between EUR 400 and EUR 600: the share of enquiries that can still afford the rent drops from 96% to 70%, i.e. 26% of demand in one step. The second-largest fall is 23.7% between EUR 600 and EUR 800.
- Interpretation
- Demand does not decay smoothly; it steps. Crossing EUR 600 costs 26% of the addressable pool, while moving within the band below it costs almost nothing, and the median budget of EUR 700 sits above that step.
- Investment implication
- Set the rent ceiling for the standard unit just under EUR 600. An uplift past that threshold has to earn back 26% of lost demand in rent — the trade only works with the shortfall priced into the void assumption.