Affordable Houses Only in Rural Areas
A new study shows affordable homes are mostly in three German states. Many Germans still want to own a house. This shows that housing costs are different in each area.
The study identified Saarland, Schleswig-Holstein, and Sachsen-Anhalt as having the most affordable single-family homes. House prices in the Vogtland region are particularly low. Experts say this is because fewer people want to buy houses there. The IW research confirms that rural areas have cheaper houses. This change is happening across Germany’s housing market.
Summarized from the sources above. Read the originals for the full story.
Highlights
Rural Homes are Cheapest
Affordable single-family homes are mainly in Saarland, Schleswig-Holstein, and Sachsen-Anhalt.
Vogtland Prices are Low
House prices in the Vogtland region are particularly affordable.
IW Study: Rural Prices Fall
Houses are becoming cheaper in rural areas of Germany.
Demand Drives Housing Costs
Lower demand and available housing stock make homes affordable.
Homeownership Remains Important
Many Germans still want to own a home.