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Western Europe

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

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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…

TL;DR

  • 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...

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