Buy or rent property? What’s worth it and what’s not

Munich “We all strive for the cave into which our ancestors retreated to seek protection from the elements or dangerous animals,” says Monika Müller. She is a psychologist and, as a financial coach, helps people manage their wealth.

Even if Müller emphasizes that you can be just as happy in a rented cave as in your own, many people ask themselves the question once or several times in their lives: Should I buy or rent a property?

This question is currently even more difficult to answer than it was before. Because both rents and interest on building loans have risen sharply in the past twelve months. At the same time, according to portals such as Immobilienscout, prices have fallen. However, it is difficult to determine whether buying has become more expensive or cheaper as a result.

So how should one approach the question “buy or rent”? And what points do you have to consider when answering them?