Berlin (dpa) – Berlin, Darmstadt and Munich are the most dynamic and booming cities in Germany, a study released Thursday said.
Thirty years after the fall of the Berlin Wall, the capital was the country’s most dynamic city, the study by the German Economic Institute, the magazine Wirtschaftwoche and the real estate portal Immobilienscout24 concluded.
From 2012 to 2017 some 250,000 more people moved to Berlin than left it.
But the study also shows changes in Germany’s industrial landscape. Ingolstadt and Wolfsburg, homebases of carmakers Audi and Volkswagen, lost ground and slipped from the top 10 last year to rank 39 and 49, respectively.
Munich’s current economic situation is best overall, the study said. It boasts a unique combination of high-performing scientific institutions and very competitive economy, said Hanno Keppermann of IW Consult.
Darmstadt is best prepared for the future, the study says. The city with about 160,000 inhabitants in the western state of Hesse is home to large number of highly innovative companies.
For its annual ranking, IW looks at cities with more than 100,000 inhabitants. It compares them in the categories of dynamism, current situation and future perspectives by looking at indicators such as economic structure, the job market, real estate, research and quality of life.