Why Germans rent instead of buying?

Germany’s housing problems can be traced back to the end of World War II, with the country torn apart by conflict and many people left desperately needing a place to live. This government-built, high-quality supply of social housing laid the foundations for Germany’s preference for renting over buying.

Can foreigners buy apartment in Germany?

There are no restrictions to foreigners buying property in Germany. You may buy property in Germany even if you are a non-resident and not an EU national.

Is it easy to buy house in Germany?

Residents get the best of all worlds, with easy access to the facilities of the city, the community feel of living in a smaller town and the peace of the surrounding German countryside. There are relatively low homeownership rates in Germany, with just over half the population preferring to buy rather than rent.

Is Berlin a good city for buy-to-let?

This means that Berlin is a particularly good bet for those looking for buy-to-let property, as apartments are constantly in demand. Property ownership is generally low, with just 20\% of people owning their own homes. However, occupancy is high at 98\%, so property owners tend to have little trouble finding tenants.

How much does it cost to rent an apartment in Germany?

According to data from the Bundesbank, rent prices increased by 7.2\% in Germany during 2017. Data from Global Property Guide shows the average rents and yields on a 120 square meter apartment in three major cities: Munich: €2,250 a month, yield of 2.9\%. Berlin: €1,500 a month, yield of 3\%.

Where can I find an apartment in Berlin?

If you just moved to Berlin, and you need an apartment now, you can get a temporary furnished apartment from websites like Spotahome or Wunderflats. Temporary apartments are expensive, but they are easier to find, even if you are in another country.

Is it cheaper to live in Berlin or London?

Average rental prices are up to five times cheaper than in London, and most Berliners are renters. This means that Berlin is a particularly good bet for those looking for buy-to-let property, as apartments are constantly in demand. Property ownership is generally low, with just 20\% of people owning their own homes.