The rise in national housing prices seems to have exploded globally, and the shadow of Chinese investment has appeared in every corner of the world. Even Germany, which has always been stable, is like this. Among capitalist countries in the world, Germany is basically the only country with a real estate industry and stable and low house prices. As an important part of the social security system, the German government encourages renting rather than buying a house. The real estate industry has been known for its stability for decades and is known as the "German way."

However, in recent years, German house prices have shown overall growth momentum, and rents have increased significantly. According to data from the overseas real estate financing platform Juwai.com, in the second quarter of 2016, the German property market ranked third in the world in terms of growth. A year-on-year increase of 10.1. Customers from the European Union and China have become important investors in the German real estate market. Low house prices are known as a haven for investors. However, the German government has strict restrictions and punitive measures on profits from real estate speculation, so real estate speculation cannot make significant profits at all; Investors value more capital appreciation or rental income. At present, rising house prices have caused concern to the German government. For example, the Berlin city government is paying close attention to the implementation of taxes on foreign home buyers adopted by the Vancouver government and is also contemplating a tax system for foreign home buyers.

Germany’s house prices are efficient, its house price-to-income ratio is slightly lower, it maintains sustained and stable house prices, and it is “smart and safe” on a global scale. From 1970 to 2015, Germany's new housing price index increased by 90%, the actual price after deducting inflation fell by 11.3%, and the specific house price-to-income ratio fell by 62%. Real estate has experienced nine crises out of ten, including the 1991 Japanese real estate bubble and the 2008 US financial crisis. Countries around the world have been widely tempted to stimulate real estate bubbles, and the collapse of the bubble has resulted in heavy costs. Only Germany has not seen a serious crisis. Housing bubbles and distress.

There is an abundant and relatively stable housing supply, a well-developed rental market, a low home ownership rate and a high proportion of rented houses. Through post-war reconstruction, by 1978, there were 1.21 houses per household per capita, and the long-term housing shortage problem was alleviated. The German government actively promotes the construction of low-cost housing, and at the same time supports the construction of non-profit public housing infrastructure. The government provides rent subsidies to residents based on family size, income, and rent to ensure that each family has sufficient rent to pay. Ability, 86% of Germans can enjoy housing subsidies of varying amounts. To maintain the rental market for tenants, the Rent Law requires that the rent increase shall not exceed 20% of the effective rent, otherwise the landlord will constitute a disciplinary violation and the tenant may file a lawsuit in court; if it exceeds 50%, it will be suspected of a crime. The home ownership rate is relatively low, and the proportion of renting houses is relatively high. The average home ownership rate in Germany has been more than 40%, and more than half of the families face housing difficulties by renting houses.

Promote the latest housing loan policy that is sustainable and stable. Germany has implemented a "deposit more and then loan" contract deposit method and a housing loan fixed interest rate system to provide institutional guarantees for stabilizing home buyers' expectations and house price levels. Germany implements strict sectoral management of the housing savings business. Home buyers are not affected by changes in my country's macroeconomic policies, especially fiscal policies, nor are they affected by changes in interest rates such as inflation. To mention it, if German residents want to obtain a house purchase loan from the Housing Savings Bank, they must deposit enough money in the bank to cover the corresponding account. Generally, the deposit amount reaches 50% of the total contract amount of the deposit, and then the Housing Savings Bank will transfer the total contract amount. to the depositor. Second, the annual interest rates for deposits and loans are fixed and will not change. The benchmark interest rates for deposits are 3% and 5% respectively, and the average fixed interest rate period for mortgage loans is 115 years.