article

Most Young German Adults Are Renting Their Homes—Here’s Why

Our data show that Gen Z and Millennials in Germany are a lot more likely than their European peers to rent their homes, here is why…

Written and Edited by the YPulse Editorial Team
KEY TAKEAWAYS
  • More than three in five young German adults are renting their home, a rate higher than any other young Western Europeans
  • Rent in Germany is less expensive than in other countries, making it less appealing for German 18-39-year-olds to own their home
  • A risk-averse banking system also encourages young Germans to buy rent instead of buy their homes
Access to homeownership is important among Gen Z and Millennials; in fact, YPulse’s data shows that it is one of the top life milestones they’re most looking forward to this year. But the current economic situation makes it difficult for these gens to become homeowners, with mortgages becoming more difficult to lock, and higher deposits needed. However, some countries in Europe make renting more worthwhile and less of a second choice to owning—in Germany, young consumers are not rushing to buy property, and several cultural factors are encouraging this trend. Our data shows just how renter-minded young Germans are compared...

Stay on the Pulse

Latest Stories
Related Articles
YPulse Weekly Newsletter

Get our editors’ weekly picks on the Gen Z and Alpha stories you need to know.

Your newsletter subscriptions are subject to YPulse’s Privacy Policy and Terms and Conditions.

Enter your colleagues' emails (max 10) to invite them to sign up for a YPulse account. We'll send them a message and let them know you invited them.

plus-circle Created with Sketch Beta.

Are these emails correct? If so, click Submit Invitation(s)?