4 ms·

Can anyone give their thoughts about the German housing market in comparison?

• lucky1759 5y ago
  My 2 cents, the German housing market has way stronger fundamentals and the income-to-price ratio is more reasonable. Key factors in my opinion are: - More people live in appartments their whole lives - A lot of people have low salaries so they choose to live in or buy an appartment instead of a home - Financially insecure people can't help bid up prices with ridiculous mortgages as happens in the US/Canada. - I also think there is much less foreign money here. - A lot of people inherit here as well, so they don't have to buy a new home - Population dynamics mean less demand, versus massive immigration in North America (which is focused on key cities) I think the German market has less "upside" if you are an investor but also less risk. If you are looking for a home for your family, Germany is a large decentralized country. There are tons of nice places to live for a reasonable price near cities where you can get good jobs. Düsseldorf, Berlin, Köln, Frankfurt, Mannheim, Stuttgart, Hamburg etc. This diversity takes pressure off of a few economically dominant cities i.e. Toronto, New York, bay area. Of course, I wouldn't base my decision to live in Germany based on economics, unless you are a German. The housing market, is probably the least important difference I would consider between Anglosphere and Germany.