Berlin, 2024, October 23 - Wunderflats is actively working to democratize the housing
market in Germany to make flexible and furnished housing more equitable and accessible.
Flexible or temporary housing is a niche of the housing market that serves the needs of
specific target groups such as professionals from Germany and abroad. The proportion of
furnished rental flats in Germany has increased by 45 per cent since 2013, with around 14
per cent of tenants now living in such flats. The market is growing, but so is the need for
clear rules and fair price structures.

The democratization of the housing market is of central importance in combating the
shortage of skilled workers worldwide. International professionals in particular need quick
and easy access to furnished housing in order to settle in a new city or country. Without
available and flexible housing options, many potential talents are deterred. Everyone
deserves a safe and comfortable place to live. Flexible housing improves people's options but
also contributes to a stronger economy by attracting and retaining talented professionals.

*Germany makes it difficult for qualified workers*

According to the Expat Insider Report 2024, Germany is criticized by many expats for its
difficult housing situation. Flexible and affordable housing solutions are crucial to attracting
skilled workers from abroad. Without these improvements, Germany will lose its
attractiveness as a place to work, which will jeopardize its economic competitiveness.

Temporary housing plays a decisive role in this context. The flats are already fully furnished,
have an internet connection and a functioning kitchen with all the necessary appliances and
are ready for occupancy within a few days or weeks. The online booking process without
physical presence, the elimination of the language barrier and the absence of extensive
application documents are also important factors that are appreciated by potential temporary
residents. By facilitating access to accommodation, companies can draw on a wider talent
pool.

"The demand for temporary housing is real and legitimate. By creating flexible and available
living space for skilled workers, we are helping to solve the shortage of skilled workers and
making Germany a more attractive place to work. It is crucial that people are helped quickly,
easily and securely in their search for accommodation," says Jan Hase, CEO of
Wunderflats.

*Increased demand for flexible living in metropolitan regions - particularly high in
Berlin*

There is currently a shortage of around 800,000 flats in Germany. In the metropolitan
regions of Berlin, Munich and Hamburg in particular, there has been a strong surplus
demand for several years.

The figures for Berlin are particularly striking. The capital's population has grown by 333,422
people since 2013, which corresponds to an additional demand of 196,130 flats. The
vacancy rate of 0.8 percent is the lowest in Germany and evidence of an extremely tight
rental market. A similar trend can also be seen with regard to temporary housing. A recent
data survey by Wunderflats revealed that a total of 510,000 people have searched for a flat
in Berlin on the platform in 2024 to date, compared to 1.5 million people across Germany -
around a third of all searches are concentrated in Berlin alone.

*Real and legitimate: professional flexibility and temporary living go hand in hand*

Professional flexibility describes the ability to react quickly to new tasks, locations or
projects. Particularly in times of globalization and an increasingly mobile working world,
skilled workers and their families are often drawn to other countries. Temporary housing
offers an ideal solution for this, as it enables them to move into furnished flats quickly and
easily without having to sign long-term tenancy agreements. By eliminating the need to
purchase new furniture and furnishings each time they move in, as well as the need for
extensive removal transport, providers such as Wunderflats also contribute to the
sustainability of living.

Although temporary living is already realizing a lot of housing potential, a multi-dimensional
approach is needed to make better use of existing living space as well as new builds.
Wunderflats supports this approach, as flexible housing options not only strengthen
Germany's attractiveness as a place to work, but also promote the mobility and integration of
talent.

"We see how essential flexible living is for skilled workers from Germany and abroad.
Starting out in a new environment is always a challenge. In addition to a new job, new
school and a new language, setting up a new place to live is tough. At Wunderflats, we want
to at least ease the worries of settling into your first four walls. Our customer support is also
available during your stay - we cover everything from finding an apartment to the bilingual
rental contract and moving out," explains Jan Hase.

About Wunderflats
Wunderflats is Germany's market leader for flexible furnished housing. The Berlin-based
scale-up was founded in 2015 by Jan Hase and Arkadi Jampolski. The platform provides
easy and secure solutions for medium-term rentals with a minimum rental period of one
month, connecting those seeking flexible housing with those offering it.

Wunderflats provides a comprehensive rental solution, offering verified rental agreements,
apartments, tenants, and landlords, along with additional services such as professional
photography and rental management.

Wunderflats currently lists over 50,000 apartments in Europe and has over 190 employees.
For more information, visit wunderflats.com