Almost one in two households could call at least one property in Germany at the beginning of 2018. The Federal Statistical Office called a value of 48 percent.
The single-family home remains the most common form of real estate ownership. For example, at the beginning of last year, 31 percent of households owned a single-family home. 14 percent owned condos and five percent two-family homes.
Undeveloped land (four percent), other buildings (four percent) and multiple dwellings (two percent) were among the rarer forms of home ownership among private households. Multiple answers were possible.
The more people live in a household, the sooner there was property. For example, household ownership of households with at least four members rises to 71 percent, while households own only 31 percent of real estate.
Home ownership continues to gain in value
The prices for the purchase of a property remain high – an end of the price increase is not in sight after Postbank’s „Wohnatlas 2019“. Accordingly, prices continue to rise above all in and around the urban centers. According to the purchase price forecast, home ownership will increase in value in more than half of the 401 German districts and cities until at least 2030. One reason is the growing number of inhabitants in and around the metropolises and in southern Germany, as the experts of the Hamburg Institute of International Economics (HWWI) wrote.
Purchase prices for real estate high
Real estate prices in Germany’s most expensive city will continue to rise sharply: For Munich, the experts predict an annual increase of 1.81 percent in real terms. In second and third followed Dusseldorf with an increase rate of 1.09 percent and Cologne with 0.98 percent. In Frankfurt am Main and in Berlin, prices will rise by 0.76 percent annually until 2030. That’s the slightest increase among the so-called Big Seven, the seven largest cities.
But the biggest price jumps are not only to be expected in the big cities. According to the „Wohnatlas“, owners and potential buyers, even outside of the „Big Seven“, find a generally good framework for residential real estate, especially in the south and northwest of Germany. Among the „Top Ten“ with the highest forecasts of value increases are seven Bavarian districts. Three of them – the districts of Munich, Erding and Ebersberg – border on the state capital.
