Germany, for sure - tenants usually own their own washing machines and most of the time, their own kitchens, including all appliances, cabinets and the proverbial kitchen sink. Tenants are essentially paying for the right to occupy the dwelling, and that’s about it.
Therefore rental price to purchase price ratios have historically been lower, as well as home ownership rates. Rents in desirable cities are going up faster than they had been, though, and Berlin has quickly gone from being one of the cheapest cities in the country to one of the most expensive.
Therefore rental price to purchase price ratios have historically been lower, as well as home ownership rates. Rents in desirable cities are going up faster than they had been, though, and Berlin has quickly gone from being one of the cheapest cities in the country to one of the most expensive.