If you’ve fallen in love with Germany and want to stay for the long haul, purchasing a home there is a fantastic opportunity to establish roots. Buying real estate in Germany is also a wise investment. There is never a better moment to invest in real estate.
Long-term mortgage rates are at an all-time low, ranging between 0.6 and 2.5 percent, and housing prices are far lower than in other European economic centers. It would help if you go through de.collected.reviews to check out people’s thoughts on buying a house. Germans do not travel around often, and once they buy a home, they tend to stay there for the rest of their lives.
Germany’s cost of living is very reasonable. However, as an immigrant, every penny count, and it is natural to want to save as much as possible. McMakler can be of help if you’re going to buy a house in Germany.
Because the location you select to buy a house in Germany will determine a significant portion of your expenditure, it must be a top priority in your financial plan. In other words, if you live in Munich, one of Germany’s most expensive cities, you won’t be able to save much money. Your cost of living will be high no matter how hard you try to keep it under control if you’re immigrant planning to live in Germany and want to know where to locate the cheapest cities to look for an affordable house.
1.Bielefeld
Bielefeld is a city in the North Rhine-Westphalian state of North Rhine-Westphalia with roughly 350,000 people. It is possible to live here for a reasonable price. Your shelter is the most pressing of your financial problems, yet it is not a significant issue in this city. Right now, the average monthly rent for a one-bedroom apartment in the city center is €460. You can get a good place or house here and enjoy your stay. You can be able to rent out a part of your house for €400 a month with a bit of luck.
2.Frankfurt
Frankfurt is a city in East Germany near the Polish border, lying on the banks of the Oder River. Moreover, 60,000 people live in a 150-kilometer-square area, according to the most recent demographic figures.
In Frankfurt (Oder), the cost of living is meager. A one-bedroom apartment in the city center will set you back €460 a month on average, while a one-bedroom apartment in the suburbs would set you back €325. In the city center, a three-bedroom apartment costs on average €1,250 a month. Other locations in Frankfurt’s outskirts (Oder) provide a variety of three-bedroom flats for a reasonable price ranging from €400 to €1,400.
3.Halle
Halle is a city in central Germany with roughly 240,000 people and 135 kilometers squared. Apart from being a city that will astound you with its distinctive Renaissance vista, the cost of living here is very reasonable. In this great city, a one-bedroom apartment in the downtown neighborhoods costs on average €350 a month. In suburban locations, the similar unit costs roughly €200 per month. Larger apartments are more expensive; a three-bedroom apartment in the city center costs on average €710 per month, whist a three-bedroom apartment in the outskirt’s prices on average €470 per month. In Berlin, the rent for such an apartment is 130 percent more.
4.Krefeld
Krefeld is a city in the North Rhine-Westphalian state of North Rhine-Westphalia, close to Dusseldorf. According to some estimates, Krefeld has 230,000 people living in an area of 137 square kilometers.
In Germany, Krefeld is an economic area to reside. You can buy a one-bedroom apartment in the city center for €450 per month on average. If you check in the city’s outskirts, the cost of buying such an apartment is much lower. The average monthly rent for a one-bedroom apartment outside of Krefeld’s city core is €400.
5.Passau
Passau is a tiny city in southern Germany, close to the Austrian border. Because the Danube, Inn, and Ilz travel through the city, it is known as “The City of Three Rivers.” Moreover, 50,000 people live in this area, according to the latest recent figures.
This city has a low cost of living. In comparison to most German cities, rent, food, and utilities are all relatively inexpensive. A one-bedroom apartment in Passau’s city center costs roughly €600 on average, while prices outside the center are around €340. Three-bedroom flats have a higher average monthly rent of €1,050 in the city center and €700 in the suburbs.