Yep that's generally how housing prices work in Germany, since rent is heavily controlled and fixed interest rate loans are readily available, the value of a property adjusts depending on the current "cost" of a loan
miridius
joined 2 years ago
Israel’s military campaign in Gaza seen as among the most destructive in recent history, experts say
Misleading post title: altered the original to remove the word "recent"
I dunno what you're doing wrong but I bought an apartment in Germany a couple years ago and that wasn't my experience at all. I saw plenty of nice places big enough for a family of three for 250-300k. We had a little bit more than 50k in savings and were able to buy something much bigger than we need with a large garden (we spent 440k), but could easily have gotten something big enough with 50k savings. We're in a medium/large city but just not right in the middle, more towards the outskirts. Still only 15 mins bike ride to the centre though!