Germans group to skill as seductiveness rates fall, rents rise

While Sebastian bought his initial unit 6 years ago to shun rising rents, he now wants to buy a second skill as a private retirement fund.

Figures from a European Union’s statistics group uncover 52.5 percent of Germans lived in their possess home in 2014, good next a EU normal of around 70 percent.

After study in London and Boston where lease ate adult a vast partial of his scholarships, he returned to buy a 100-square scale unit in Berlin’s afterwards up-and-coming Wedding district. For a 120,000 euro ($135,000) purchase, he borrowed 100,000 euros in 2010 during an seductiveness rate of 3.8 percent.

For instance, shares in Patrizia Immobilien, that is building 4,000 new flats on tip of a 80,000 homes it already owns, rose about 35 percent in a past 12 months.

According to a Bundesbank, a altogether volume of genuine estate loans rose by 3.5 percent, a strongest annual rate in some-more than a decade, to a record 1.23 trillion euros in 2015 .

For Sebastian, German banks are still too strict.

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