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The institute itself owns a major proportion of the property it manages, [6] and is one of the largest owners of real estate in Germany. [4] It was estimated that within 2011, the Institute for Federal Real Estate would—due to property transfers—own and manage nearly all real estate used by the federal government of Germany. [5]
Germany is midway through a four-year real estate crisis that will lead to more losses and distressed sales of unwanted properties, the head of Commerzbank's real estate business told Reuters. The ...
No. Region Home ownership rate(%) Date [2] [3]; 1 Kazakhstan 98: 2024 2 China 96: 2022 3 Laos 95.9: 2015 4 Romania 95.6: 2023 5 Albania 95.3: 2023 6 Slovakia 93.6: 2023 7 Russia 92.60
In 2022, Germany's homeownership rate was 46.7%. [1] During World War II, 2.25 million homes were destroyed with another two million damaged, reducing overall housing stocks by 20%. In 1949, West Germany enacted its first housing law and by 1961 had reduced its housing shortage from 5.5 million units to only 658,000.
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In contrast to commercial real estate, residential lease contracts are highly codified by the Bürgerliches Gesetzbuch (abbr. BGB, "German civil code"). One of the central ideas there regarding real estate, is the Ortsübliche Vergleichsmiete (local customary comparable rent). New leases must not be more than 20 percent (not exactly stated by ...
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City State GDP (bil. €) GDP per capita GDP per worker Berlin Berlin 165.457 45,074 79,182 Hamburg Hamburg 130.873 70,620 101,308 Munich Bavaria 128.752 86,529 112,284