Interhyp Survey: Growing Frustration Over the Housing Market - Germany's Housing Crisis: 60% Struggle Amid High Prices and Shortages
A recent survey by Interhyp reveals the housing crisis in Germany, with nearly 60% of respondents struggling due to the lack of housing and high gold prices. The majority of tenants aspire to own property but face significant barriers.
The housing market's difficulties are evident, with 63% of respondents finding it challenging or blocked. The shortage of apartments is a major concern, with 59% of respondents unable to afford another. Among tenants, 53% desire lower interest rates to facilitate homeownership.
The dream of owning a detached single-family house is shared by 54% of respondents. However, the path to homeownership is fraught with obstacles. Two-thirds of tenants wish to become owners, but 75% insist on lower real estate prices, and 53% need lower loan interest rates to make this possible. Despite these hurdles, 80% of respondents want to stay in their current apartment long-term, highlighting the scarcity of alternatives.
The Interhyp survey underscores the housing crisis in Germany, with respondents struggling due to a lack of affordable apartments and high prices. While tenants aspire to own property, the current market conditions pose significant barriers. With housing ranked second only to health in personal priorities, addressing this issue is crucial.
