Germans are a lot less likely to move aroubd than Americans so. Once you bought a house, chances are you still living there when you retire. So market value is

Germans are a lot less likely to move aroubd than Americans so. Once you bought a house, chances are you still living there when you retire. So market value is a lot less important than the amount you pay every month for said housing once you retired. This whole speculating on real estate value is more of an US thing than it is European. Outside of real estate investors, but those are the landlorda Germans, and others, rent from.