Re:78% of community bank executives expect the housing marke...
by lucky1759 on Monday October 18, 2021 @04:11AM
(#28903256)
My 2 cents, the German housing market has way stronger fundamentals and the income-to-price ratio is more reasonable.
Key factors in my opinion are:
- More people live in appartments their whole lives
- A lot of people have low salaries so they choose to live in or buy an appartment instead of a home
- Financially insecure people can't help bid up prices with ridiculous mortgages as happens in the US/Canada.
- I also think there is much less foreign money here.
- A lot of people inherit here as well, so they don't have to buy a new home
- Population dynamics mean less demand, versus massive immigration in North America (which is focused on key cities)
I think the German market has less "upside" if you are an investor but also less risk.
If you are looking for a home for your family, Germany is a large decentralized country. There are tons of nice places to live for a reasonable price near cities where you can get good jobs.
Düsseldorf, Berlin, Köln, Frankfurt, Mannheim, Stuttgart, Hamburg etc.
This diversity takes pressure off of a few economically dominant cities i.e. Toronto, New York, bay area.
Of course, I wouldn't base my decision to live in Germany based on economics, unless you are a German. The housing market, is probably the least important difference I would consider between Anglosphere and Germany.
Key factors in my opinion are:
- More people live in appartments their whole lives
- A lot of people have low salaries so they choose to live in or buy an appartment instead of a home
- Financially insecure people can't help bid up prices with ridiculous mortgages as happens in the US/Canada.
- I also think there is much less foreign money here.
- A lot of people inherit here as well, so they don't have to buy a new home
- Population dynamics mean less demand, versus massive immigration in North America (which is focused on key cities)
I think the German market has less "upside" if you are an investor but also less risk.
If you are looking for a home for your family, Germany is a large decentralized country. There are tons of nice places to live for a reasonable price near cities where you can get good jobs.
Düsseldorf, Berlin, Köln, Frankfurt, Mannheim, Stuttgart, Hamburg etc.
This diversity takes pressure off of a few economically dominant cities i.e. Toronto, New York, bay area.
Of course, I wouldn't base my decision to live in Germany based on economics, unless you are a German. The housing market, is probably the least important difference I would consider between Anglosphere and Germany.