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Debate House Prices
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German house prices
guitarman001
Posts: 1,052 Forumite
Have been looking at how much it costs to BUY in Munich and WOW - very expensive. It seems renting is well regulated and affordable (much better properties, also) but buying costs an absolute fortune. £400k for a flat, anyone? Megabucks compared to Scotland.
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Comments
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You are comparing Munich.....to Scotland?0
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Yes, I know......
I was looking into rentals there and decided to check how much buying would be, also. Better for renting, worse for buying.0 -
I think the UK will end up the same.
Houses totally out of the reach of the average man.
It won't bother me. I own already. Pull the ladder up Jack.:rotfl:We love Sarah O Grady0 -
Sibley, karma will get you in the end I guarantee you that.0
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Munich is major city, of course it'll be expensive0
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It has always been like this, renting is the norm!
I believe my uncle built his house very many years ago - I shudder to think what it would be worth now.
Sadly I will never know, but I hope his family did well.
As far as I know most germans prefer to rent.
xx0 -
OH is from Germany and he finds it weird we buy houses, seems renting is def the norm!0
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MiserlyMartin wrote: »Sibley, karma will get you in the end I guarantee you that.
If karma doesn't get him, syphilis will.0 -
German house prices are only high in the big cities.
My parents bought a house in a village in Germany for 15,000 euros; my grandmother rented all her life and saved enough to buy a house outright in a minor city.
Also, house prices are much more stable AFAIK.0 -
guitarman001 wrote: »Have been looking at how much it costs to BUY in Munich and WOW - very expensive. It seems renting is well regulated and affordable (much better properties, also) but buying costs an absolute fortune. £400k for a flat, anyone? Megabucks compared to Scotland.
Here's a flat in London. Yours for just £32 million
http://www.rightmove.co.uk/property-for-sale/property-20911785.html0
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