Fewer and fewer Germans can afford to buy a house

Frankfurt Rising mortgage interest rates, sharply rising construction costs and real estate prices: Fewer and fewer Germans can still afford to buy a home. According to a new study by the data specialist FMH X and the analysis institute SWI Finance, which is available in advance to the Handelsblatt, many real estate buyers today have to “invest almost their entire assets in real estate in order to raise the average equity capital employed in 2022”. A look at the distribution of wealth in Germany shows “that only ten percent of Germans have so much wealth that they can currently handle it,” says the study.