What is Actually Cheaper in Germany, Renting or Buying?
In the last 70 years, buying a house in Germany is seems to be the cheapest. A decade ago, buyers had to pay an average of 5.04 percent interest, whereas it had dropped to 1.67 percent in the last year. The IWD market research institute surveyed 401 different districts across the country. They concluded that it is a perfect time to prefer buying instead of paying rent to a house. Young people in Germany are fewer in buying their own house. Buying a house is beneficial for some individuals and families. As per the analysis, investing in renting and sharemarket against buying a home has a more significant investment value. People who want to invest and who have one eye on retirement, buying a house is the cheapest option only if they can afford it. Chris Mulder (Mortage advisor) said that 'At a fundamental level, what you see in Germany is that the people who rent, they end up poorer than the people who buy.' Less than 70 percent of Germany's population prefers renting ins