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1980s: Prefabricated houses for individualists
(Photo: Prefab World)
Düsseldorf Savings Bank President Helmut Schleweis had pithy words: “Home ownership is now so expensive that two average earners can no longer finance it on their own,” he said recently in a keynote speech at the Sparkasse Day. “I think that’s unfair, not fair to the generations, a gross impertinence towards a growing part of our population, especially towards young families,” said Schleweis.
He hits a feeling that many people in Germany currently have. Since the sharp increase in interest rates from one to four percent last year and the only moderate fall in prices, real estate has in fact no longer been affordable for many interested parties – or only with clear compromises and restrictions.
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