Figure for January: 41 percent

Only 41 percent of Germans over 59 live in their own homes. This was the result of a survey conducted by Statista Consumer Insights among 35,549 respondents aged 18 to 64 between April 2022 and March 2023. The younger the respondents, the less likely they were to live in their own homes – especially one age group.

41 percent of the so-called Baby Boomers, meaning everyone born between 1959 and 1964, own their own home. 59 percent, on the other hand, rent. Of Generation X, that is, those born between 1965 and 1979, 40 percent live in their own property. 60 percent of this age group live in rented accommodation.

The next group, those born between 1980 and 1994, the so-called Millennials, also predominantly live in rented accommodation (61 percent). Only 39 percent own their own homes. Among those born between 1995 and 2005, the so-called Gen Z, only 30 percent own their own home, while 70 percent rent.

On average, 38 percent of all age groups live in their own homes, while 62 percent rent. Given these figures, it is not surprising that the pressure on the rental market is so high in many parts of Germany, especially in metropolitan areas.

Inflation and rising interest rates have deterred many who dream of homeownership. But when you consider rising rents, the question arises whether it's really the right decision.

Real estate experts, however, emphasize that acquiring a property is still possible if one adapts to the changed circumstances. Those who seek advice from a real estate professional and a financing expert can still find and afford residential property in the current real estate market.

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