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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.
This is a list of countries, territories and regions by home ownership rate, which is the ratio of owner-occupied units to total residential units in a specified area, based on available data. [1] [better source needed]
Countries by global price level (World average=100) Rank County/Territory Global price level (% of world average) [2] Year 1 Bermuda: 193.5 2021 2 Barbados: 188.9 2021 3 Cayman Islands: 184.7 2021 4 Switzerland: 181.4 2021 5 Israel: 179.1 2021 6 Iceland: 177.1 2021 7 Turks and Caicos Islands: 172.8 2021 8 Australia: 168.6 2021 9 Norway: 165.3 ...
A home mortgage interest deduction allows taxpayers who own their homes to reduce their taxable income [1] by the amount of interest paid on the loan which is secured by their principal residence (or, sometimes, a second home). The mortgage deduction makes home purchases more attractive, but contributes to higher house prices.
There is a shortage of energy-efficient homes in Europe, the issue is especially bad in many urban areas, where 70% of the EU's population lives. Almost half of all European residential buildings were constructed pre-1970, when energy consumption in materials, standards and techniques was not considered.
The German economic crisis is a significant downturn of Germany's economy that marked a dramatic reversal of its previous "labour market miracle" period of 2005–2019. The country, which had been considered to be Europe's economic powerhouse in prior decades, became the worst-performing major economy globally in 2023 with a 0.3% contraction, followed by minimal growth in 2024 leading to ...
An unusual journey. In her 26 years working with right whale sighting networks, Albert has seen right whales travel into the Gulf fewer than a half-dozen times.
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]