Property for sale in Germany
The best buyers interested in properties for sale in Germany are locals who decide for the first time to buy their own home. International buyers are atypical, exceptional.
Homeownership has usually been less common in Germany than in other European Union countries and many purchasers are now buying a home for the first time, thanks to higher incomes and low interest rates.
After years of rising prices about property for sale in Germany, down payments as well as transaction costs make buying a home impossible for many households. In Lower Saxony, prices are still increasing, but on a lower level than in other states.
In the most prestigious neighbourhood of Berlin it is possible to buy a property for sale to one third of the price of a similar property in London. It is the same if we make a comparison with Munich or Frankfurt.
In the Brunswick area, prices also continue to rise even though the housing prices aren’t as high as Hamburg or Munich.
The average price for property for sale in Germany, and above all in its capital, increased of 20,5% from 2017 to 2018 , on the contrary the growth rate is more than 120% in respect of prices in 2004.
With these prices Berlin achieves a world leadership but the reverse side of the coin is excessive prices for property for sale in Germany, speculative bubbles and raising rents.
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