{"id":318,"date":"2018-03-09T10:48:54","date_gmt":"2018-03-09T10:48:54","guid":{"rendered":"https:\/\/www.propertyunder20k.com\/blog\/?p=318"},"modified":"2018-03-09T10:48:54","modified_gmt":"2018-03-09T10:48:54","slug":"why-dont-most-germans-buy-their-homes","status":"publish","type":"post","link":"https:\/\/www.propertyunder20k.com\/blog\/2018\/03\/09\/why-dont-most-germans-buy-their-homes\/","title":{"rendered":"Why don\u2019t most Germans buy their homes"},"content":{"rendered":"

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.<\/p>\n

With an ownership rate of just 41% German people are almost the lowest in Europe (just Switzerland coming in a little lower at 38%).<\/p>\n

Coming from Ireland where owning a home is almost a rite of passage this appeared quite strange.<\/h4>\n

Ownership rates in Ireland is almost double that of Germany at over 81%. So why the difference between these two developed countries in Europe?<\/p>\n

Well it seems that renting in Germany is perhaps a much nicer affair than in other countries.<\/h4>\n

The housing policy in operation for many decades appears to have struck a nice balance between Government and private involvement meaning government intervention was at a minimum.<\/p>\n

The opposite of this happened in some other European countries where governments imposed rent controls on Landlords effectively meaning they had less to spend on their housing.<\/p>\n

The result was that the quality of housing in these countries suffered. Consequently the rental market got a reputation for bad quality housing.<\/p>\n

Another factor is that renting is relatively cheap in Germany as compared to other countries. This is perhaps another off shoot of less government penalties on Landlords.<\/p>\n

Also tax laws in Germany don\u2019t favour the owning of property. For example interest paid on a mortgage in Germany is not tax deductible as it is in many other countries.<\/p>\n

Overall Germans seem quite happy with their lot when it comes to housing situation. So, who said anyone needs to own a house after all. Unless I need permission to hang a picture on the wall??!<\/p>\n

If you are searching to buy a house in Germany, here is a good place to start: https:\/\/www.listproperty4free.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

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 … Continue reading Why don\u2019t most Germans buy their homes<\/span><\/a><\/p>\n","protected":false},"author":8,"featured_media":320,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[22],"tags":[180,179],"yoast_head":"\nWhy don\u2019t most Germans buy their homes - propertyunder20k.com<\/title>\n<meta name=\"description\" content=\"...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. 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