Unlock the Potential: Why Owning a House in Germany is a Wise Move

Why Choose Germany

House sales in Germany provide an opportunity for homebuyers desiring to experience a quality lifestyle with easy access to modern living amenities. The European country offers numerous facilities and services to its residents to make life easy and affordable. Some of the factors that contribute to improved standard of living in Germany are:

1. Strong Economy

With stable economic conditions and a rapidly developing market, Germany is considered one of the top countries in terms of GDP growth. The economy of this country is supported by industries including mechanical engineering, automotive, chemical, and electrical industries. Living in a country with a stable economy means multiple benefits and opportunities for its residents.

2. Social Security for Residents

Residents of Germany have access to several social security benefits to handle tough situations in life. As a German citizen, you are eligible to claim unemployment allowance, assistance to pay rent, support for the upbringing of children, and others. Old age care and other social security programs are also available for residents, making this country an ideal place to live.

3. Easy Access to Healthcare

A robust healthcare system and access to healthcare services is one of the basic life needs. Germany is known for its principle of solidarity in the public health insurance system and covers every citizen with a health insurance policy. The mandatory insurance covers all costs for a doctor's visit and pays partially or fully for medical procedures and life-saving medicines.

4. Affordable Higher Education

Another advantage of living in Germany is access to affordable higher education through the world's top-ranked universities. Students only need to pay a small amount of semester fees to receive education from any of the educational institutions in the country. The Times Higher Education has listed around 10 universities from Germany in the list of the top 100 universities of the world.

5. Quality Lifestyle

Germany offers a quality lifestyle with a low crime rate, and access to leisure activities, sports events, and famous attractions to visit. The country also has excellent connectivity to the world via transport links, Airports, etc. Germany is also a preferred destination for holiday tourism with many attractions like Neuschwanstein Castle, Christmas markets, the annual folklore festival, and others.

House Sales in Germany and Opportunities for Foreign Investors

Germany attracts a significant number of foreign investors in real estate as there is no restriction on purchasing a property for non-residents. You don't need citizenship status or any other legal status to buy a property in this country. If you are living or working in Germany and want to buy a house, the only requirement is to get a mortgage from a German bank. Non-resident investors desiring to invest in real estate need a bigger deposit to be eligible to invest in the property market.

Fixed interest rates and incentivised taxes are other German real estate market benefits. So, buying a house or an investment property as a non-resident is easy in Germany.

Opportunities in the German Rental Market

Germany is the perfect place for purchasing a buy-to-rent property in central Europe. With a huge demand for rental houses, as 50% of the population lives in rental accommodations and lower interest rates on rental income, the country proves a haven for investment in rental properties. Housing prices also show an upward trend in Germany, so investment in residential property is a sound financial decision. You can also use the rental calculator of the Estate Agent Power to find the rental yield of any property.