英語 の 翻訳 / English translation:

Some years ago we had a real estate crisis beginning in the United States. The reason was a too high rating for loans, which were often higher than the buying price of the house. In Germany such a high rating was very unusual so that the crisis of the real estate markets, in German Immobilienmärkte (Design Moebel and Design Badezimmer), was far from being as influential here as in the United States.

Germany also had a real estate crisis, but not in the sector of individual homes. The crisis in Germany mainly affected the funds of Immobilien. Some of these funds were illiquidite and could not pay back their shares.

One of the effects of the real estate crisis and the following financial crisis were very low interest rates in Germany. For more than ten years in Germany we have steadily falling interest rates, far below the historic average of interest rates. Therefore it still is a really good idea to invest in the own home.

Opposite to the U. S. way of life buying and selling of houses is not usual in Germany. Here many people buy or build only once in their life, They are very much more settled than the Americans. So buying or building a house is an important part of the retirement arrangements. Germans buy Immobilien, pay for it a long time and enjoy the living without payments after retirement and do not have to pay rent for their accommodation.

Low interest rates allow more people in Germany to buy their own Immobilien. So in this private sector a crisis still can not be seen. Additional costs of building ground and material grow in a moderate manner. And if people do not have that much money but look for their own home they choose a smaller piece of land and build one house next to the other. This is a very cheap but high quality kind of building. Such Immobilien have additional advantages. They have only small gardens which do not need that much care. And the neighbouring houses will prevent the house from losing much warmth.

It is not very difficult to buy Immobilien in Germany. You have to look for the Immobilien. If you have found the adequate piece of land you can search via internet for cheap loans for Immobilien. If you have enough own resources and are able to pay interest and amortization it should not be a problem to receive the necessary loan for Immobilien.