A significant number of individuals express a desire to accumulate retirement funds through property investments.
In recent times, the German real estate market has been the subject of much discussion, with articles focusing on general trends, ownership types, wealth distribution, and international buying considerations. However, a specific question regarding the percentage of young people in different German states with concrete plans to buy real estate within the next five years remains unanswered.
To shed light on this topic, it's essential to look at surveys conducted by real estate associations, banks, and government statistics offices like Destatis in Germany. These surveys often reveal varying percentages of young people expressing interest or concrete plans to buy property, influenced by regional factors such as housing affordability, local economic strength, and access to financing. For instance, regions with strong economies or universities, like Bavaria or Baden-Württemberg, might see a higher share of young people planning to buy real estate within five years compared to less affluent areas.
To access the most precise and up-to-date percentages by state, one would need to consult specialized market surveys or reports from reputable sources such as the German Institute for Economic Research (DIW), real estate platforms like Immobilienscout24, or recent spatium research.
A recent online survey conducted by YouGov Germany provides some insight into the aspirations of young Germans regarding property ownership. The survey involved 3,131 participants, including 1,025 executives, 1,066 employees without leadership responsibility, and 1,030 students.
The survey revealed that the desire for owning a property is highest among young people, with 87% of 18-29-year-olds, 69% of 30-49-year-olds, and 43% of those over 50 still dreaming of owning a property. High rents are the main reason for 30% of survey participants wanting to buy a property, while only 6% consider moving into their own home due to the persistently low interest rates for a loan.
Interestingly, almost a quarter of survey participants spend at least 50% of their household net income on housing, and 47% of participants cannot afford to buy a property. Despite these challenges, only one in five survey participants plans to acquire an immovable property in the next five years.
The survey also uncovered regional differences in property aspirations. Baden-Württemberg, Bremen, Hamburg, and Bavaria have the highest percentage of respondents dreaming of owning a property. Concrete plans to acquire a property in the next five years are most prevalent among respondents from Bremen, Hamburg, Saarland, North Rhine-Westphalia, and Saxony-Anhalt.
On average, survey participants have 95 square meters of living space and wish for 125 square meters. Moreover, more than two-thirds of survey participants in Switzerland dream of owning their own property, and 70% consider real estate as a capital investment for retirement planning.
For those seeking to delve deeper into this topic, guidance on where to look for such detailed demographic data or how to frame a query is available. The quest for understanding the real estate aspirations of young Germans continues, providing valuable insights into this significant aspect of the German housing market.
a. Investing in real estate seems to be a popular aspiration among young Germans, as the survey conducted by YouGov Germany shows that 87% of 18-29-year-olds have a dream of owning property, with Baden-Württemberg, Bremen, Hamburg, and Bavaria having the highest percentage of respondents with such aspirations.
b. In terms of personal finance, the survey also reveals that only one in five participants plans to acquire an immovable property within the next five years, despite the fact that almost a quarter of participants spend at least 50% of their household net income on housing and 47% cannot afford to buy a property.
