Real estate crash in Austria: rent or sell? The big decision!

Real estate crash in Austria: rent or sell? The big decision!

The debate about property ownership in Germany and Austria is increasing in intensity, Especialy in the face of current market developments. According to a representative survey of want Many owners in Austria have difficulties to decide after unexpected life changes whether they should rent, sell or keep their real estate. The study shows that 55.3 percent of the respondents prefer the option of renting, while only 21.9 percent would choose a sale. Younger people in particular are often inclined to use the property as an investment. Against the background, this can be seen that ownership in Austria is still very important.

Focus on your own home in Germany

On the other hand, a survey of immowel The situation of the owners in Germany. Surprisingly, only 39 percent of Germans live in their own home, while the rest of the population is tenants. It is striking that 10 percent of the respondents even have more than one property. This immense inequality in property is strongly related to the history of Germany and the high real estate prices. The owners also show that men (41 percent) live more often in their own home than women (37 percent).

The surveys illustrate the different origin -related approaches to property ownership in the two countries. Interestingly, about 84 percent of Germans acquired their property themselves, while 15 percent they inherited or received them. As in Austria, it also shows that the inheritance plays a significant role, whereby the inheritance tax rate in Germany depends heavily on the tax class. These factors make the real estate market a central topic in both countries, which is linked to the challenges of the current financial situation.