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And maybe also because locals prefer to invest money into some productive assets that earn money and prosper the nation, rather than engage in zero sum property spekulation.
I think it's more to do with the unwillingness to borrow huge sums to engage in such speculation TBH. Businesses seem to be run on similar lines, they are a lot less interested in taking on debt and seem to prefer organic growth.
And maybe also because locals prefer to invest money into some productive assets that earn money and prosper the nation, rather than engage in zero sum property spekulation.
No, that's unlikely. If buying property was a way to make money, people would be doing it.
House prices are far lower in Germany than the UK, largely due to the fact that in Germany, rents are held down by the Mieterbund (tenants union).
And maybe also because locals prefer to invest money into some productive assets that earn money and prosper the nation, rather than engage in zero sum property spekulation.
Quick buy it now or it will gone in a putsch knowing Munich
This was in a village outside of Augsburg.
Just having a look in some other states, you can get a 200 square meter 8 room house for less than €50k in Baden Wattenburg if you don't mind living in the middle of nowhere.
I wash just having a look at house prices in the posh parts of Munich, and I decided to have a look at some of the further out places. Not ridiculously far out, but places I have been on my bike. They were quite cheap, so I had a look at some further out places, just to see how stupidly cheap it could get.
I could buy a family house within an hour or so of work for €100k.
You can also buy whole blocks of flats here, which is quite interesting.
I'm off to have a look around the rest of Germany now.
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