Making a Profit from Properties – The Best Regions in Germany
Twenty years after the reunification, Germany is still a divided nation in many respects. This is particularly apparent in the discrepancy between gross income and property prices. The gap between gross income and property price tends to be narrower in the federal states that once belonged to East Germany. Saxony-Anhalt tops the list, closely followed by the federal states of Thuringia and Brandenburg, where less than three times the annual salary is spent on property. The widest gap between income and property price is found in Schleswig-Holstein. The inhabitants of this northern federal state have to spend more than four times their salary on a house. This gap puts a strain on families who want to fulfil their dreams of having their own house and private garden.
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