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In general the goal in Germany is to make housing affordable. Buying a house is an investment decision and less regulated. But if you own a house and you don't
by fxtentacle 5y ago
In general the goal in Germany is to make housing affordable. Buying a house is an investment decision and less regulated. But if you own a house and you don't live there or the house is owned by a company, then you are legally required to rent it out at a fair price. So rental tends to be quite affordable, even in cities and nice areas. That's why in cities like Hamburg you can have €1000 monthly rentals but purchasing an equivalent house would be 1200000€
- luckylion 5y ago> That's why in cities like Hamburg you can have €1000 monthly rentals but purchasing an equivalent house would be 1200000€ What? no. Absolutely not. The houses or flats you get for 1.2mm will be more like 3-4k a month if you're renting.
- nradov 5y agoHow is a fair price determined? Is that something other than the market price?