This is the view of Rufus Ballaster who leads Carter Lemon Camerons LLP’s property team. He commented: “Germany has a far higher proportion of property renters than the UK and has no aspiration to raise the property ownership statistics in the county. Nevertheless, it enjoys good-quality affordable housing stock.”
He added: “Liquidity is a huge issue with property as an asset class and a market in which those with capital invest in a property which will attract rental demand, and a workforce happy to go to where jobs are available partly out of confidence that they (with family where applicable) will find a happy home to rent near to that work, is a good market, not a problem one, in which you are sad because you do not ‘own a home’.”
Source: The Business Magazine