Why should you buy a house?

Why should you buy a house?

Buying a home is one of the most important decisions we can ever make in life. On the one hand, because the financial outlay is so great. On the other hand, having your own property has a not inconsiderable influence on the way we live and work.

When should I buy a house?

The majority of Germans buy a property at some point between the ages of 30 and 50. Those who are currently buying or building a condominium or house for the first time are on average well over 40 years old.

Why are apartments more expensive than houses?

The condominiums are located in the inner city areas, where the square meter prices for the land are often a horror. Most single family homes are built on the outskirts, with poorer infrastructure and further away from workplaces. The land is still affordable.

Why are rents so expensive?

Real estate prices are rising, especially in metropolitan areas and conurbations, as are rents. At the same time far too few new homes are being built. As a result, more and more people are having trouble finding housing at a reasonable cost.

Are apartments getting cheaper again?

Real estate price trends in recent years According to the Federal Statistical Office, average German prices rose by 4.9% from the 3rd quarter of 2018 to the 3rd quarter of 2019 alone. In these, the prices for condominiums rose by 5.8%.

Why is Stuttgart so expensive?

Real estate prices in Stuttgart and other major German cities like Berlin and Munich are very high, yes. But contrary to popular belief, the reasons are not greed, but exorbitant demand, a lack of concepts, higher construction costs and climate protection.

Will house prices go down?

Falling prices on the housing market: According to a study, property prices will fall for the first time in more than ten years. Experts expect declines of more than ten percent. According to a study, real estate prices will fall for the first time in more than ten years.

Will house prices fall again?

If there is a real estate bubble, purchase prices will rise until the bubble bursts. At the end of the real estate bubble, real estate prices peak and then plummet. If the bubble bursts on the real estate market, this always leads to a fall in real estate prices.

By when will real estate prices rise?

The current model calculation shows the price development for the whole of Germany up to 2030. Accordingly, the prices for residential real estate are likely to continue to rise. Rising prices for residential property are to be expected in the future as well. The Corona crisis should not change that much.

When is the next real estate bubble in Germany?

The Corona crisis has put an enormous damper on the German economy. According to the latest estimates, German economic output could collapse by seven percent by the end of 2020. The upswing of recent years has thus come to an end for the time being.

When will the stock market bubble burst?

2000: In mid-March, speculation in shares in the Internet and telecommunications sectors peaks (dot-com bubble). In the three years that followed (until March 2003), many of the courses collapsed by more than 90 percent. 2007: The housing bubble in the United States bursts.

When is the 2020 stock market crash coming?

1:00 p.m. The corona crash was not the first global stock market crash. And he won’t be the last. What can be learned from the past for the future in terms of stock market crashes?

When is the next real estate crisis coming?

*Update late 2020 / early 2021: COVID-19 and the consequences for the real estate market. The global outbreak of the coronavirus (COVID-19) has left its mark. Global economic activity fell sharply in March and April 2020 and is still far from the pre-crisis level at the end of 2020.

Where real estate is still affordable?

Homeownership is still affordable in these cities In Munich, the average share last year was 46.8%, in Berlin 38.5%, in Hamburg 34.8% and in Frankfurt am Main 36.3%. Stuttgart, Cologne and Düsseldorf are below the 30% mark.