For more than a decade, the German real estate market was in a dramatic growth phase. However, as per the new report from the Gewos Institute for Urban, Regional and Housing Research, the sales boom may be coming to an end in the observable future.
Mortgage interest rates in Germany have reached their highest levels in the last eleven years. As a result, a significant drop in a number of requests for mortgage loans is currently taking place.
As recent study of the German real estate market shows, almost all major cities recently began to experience property price decline after years of prices rising.
As of today, Germany has the lowest level of property ownership in the EU. According to the official government data, only 42.1% of families own housing units they live in directly, while the remaining 57.9% of families live in rented houses and apartments.
Despite the economic crisis caused by the COVID-19 pandemic, the German real estate market continues to show steady growth – both the primary and secondary market.
The latest report published by the real estate agency Von Poll showed that housing prices in Germany on the islands in the North Sea are skyrocketing.
The German Tenants’ Association has proposed abolishing heating bills. The initiative has a simple rationale: the tenant pays the full heating bill without having any say over maintenance work that might reduce heat loss in the home.
The average home size in Germany has grown by 20% in the last 30 years, and this trend is gaining momentum. According to experts from Empirica Regio, Germans are increasingly opting for larger homes.
Since 2005, the real estate agency EW Immobilien Real Estate GmbH offered a full range of services related to searching, purchasing and managing real estate in Germany. For more than 10 years we have been representing the interests of local owners as well as buyers from all around the world.
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