According to the Real Estate Association, the average rent per square meter for new homes in middle-residential Germany equals to 6.77 euros (or about 541 euro per 80 square meters). In popular inner-city locations though the prices are significantly higher. No wonder that many tenants now want to save their own pockets.
Bernd Neuborn from BHW Bausparkasse said: “The time to buy property is still good: depending on the desired object buyer can expect to pay for the financing of long-term less than for the previous rent..” A loan with a term of more than 15 years and 100,000 euros at a rate of about three percent and two percent repayment is to be had today for a monthly rate of about 420 euros. “Buyers should have 20 percent equity, which is the best condition for a solid construction financing,” said BHW expert.