Four lives would not be enough in Japan to save enough money to own a house.
(Photo: Getty Images)
Frankfurt There should be real estate buyers who pay for their apartment entirely from their savings. Most, however, have to finance the purchase with the help of a loan. The British comparison portal Uswitch has now calculated how long it would take to buy a three-room apartment in a German city without a loan: almost half a century.
For 49.5 years, the average German would have to set aside 6021 euros per year to raise the average purchase price of 298,000 euros. A long time – but still manageable compared to buyers in other countries. It is true that real estate prices have also risen significantly in Germany.
Compared to buyers in other countries, Germans have two big advantages: They earn quite well, which is why they can put a comparatively large amount of money aside.
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