Low interest rates and not enough sites to build on have been increasing real estate prices in Germany for years.
Also in 2018, but now it is not just happening in the big cities.
In 2017, Germans also had to spend significantly more money to fulfill their dream of owning their own home. “The prices continue to rise,” said Peter Ache, branch manager of the working group of the expert committees of the German Press Agency.
In the working group the reports of the local expert committees come together. Unlike many market studies, they gain their insights from the actual sales contracts. The working group will present its next nationwide report at the end of 2019. Continue reading Houses and apartments get more expensive in Germany – even in the countryside
I was recently speaking with a friend of mine from Germany who told me that most Germans never actually buy a house but rent for life. This quite surprised me so I looked at the stats and it is true.
With an ownership rate of just 41% German people are almost the lowest in Europe (just Switzerland coming in a little lower at 38%).
Coming from Ireland where owning a home is almost a rite of passage this appeared quite strange.
Ownership rates in Ireland is almost double that of Germany at over 81%. So why the difference between these two developed countries in Europe? Continue reading Why don’t most Germans buy their homes
According to a study carried out by the “Pestel Institute” 400,000 new units will be needed every year until 2020.
People need homes. So after looking at the population development it is a logical step to study the housing markets as well. Continue reading Germany needs 400,000 homes every year. Demand is increasing due to high immigration
Once you found the property you want to buy the actual buying procedure is simple and relatively risk free because the whole process is handled by a German notary.
So the first step would be to find a notary in Germany, preferably one who speaks English if you don’t speak any German. He is acting as an impartial middleman between both parties. Continue reading How to buy a property in Germany? The buying procedure if you want to purchase real estate in Germany.
The short answer is: YES. Foreign citizens are not subject to restrictions on their rights to purchase real estate in Germany. Even for non-EU-residents are no restrictions buying a property in Germany, everybody with money can get their own house in Germany! Continue reading Are foreigners allowed to buy real estate in Germany? Can Non-EU Citizens buy property in Germany?
According to the vdp (Association of German Pfandbrief Banks)the prices for German residential and commercial properties continued to rise in 2015. The vdp property price index rose in comparison to the prior-year by 5% marking another peak. Continue reading Property prices in Germany increased significantly