Property Demand Reaches Climax

Safety is Key: In the debt crisis, the Germans are increasingly relying on their own four walls and safe investments. Almost every second person uses a condo or a house for retirement, a survey shows the Savings Banks Association DSGV.

Berlin - Despite the European debt crisis, most Germans see their own financial situation optimistic and do not restrict their consumption. For retirement and wealth preservation more people rely on their own apartments or houses, as from the survey on Tuesday introduced "fortune barometer" of the Savings Banks Association shows. The property boom could, however, continue to ease.

57 percent of respondents assess their personal situation in financial terms as "good" to "very good". This value increased steadily in recent years. 34 percent said "it goes", 9 percent said it would finance them "rather poor".

A look into the future is mostly positive: The vast majority of respondents expected (82 percent), that change their situation in the near future or not is even better. Men and young people are more optimistic than women or older people.

For the representative study, which appears annually just before the World Savings Day (30 October), in July and August 2000, people in Germany were interviewed by telephone about their use of money.

GfK: One third of Germans feel financially well supplied

Leads to similar results, another survey by the GfK Association Nuremberg presented on Tuesday. Then come around four-fifths of the Germans cope financially good to very good. While 3 percent of the population have to restrict in any way, 33 percent feel well taken care of and can afford some. Just enough to make ends meet, however there are 15 percent of the population. At 4 percent it reached themselves as not front and back.

Many people look for safety and find it to be in an owner-occupied property. Demand is currently at a high point, "said the President of the Savings Banks Association, Georg Fahrenschon.

45 percent hold (+1 percentage point compared to 2011) of the people interviewed households for an ideal contribution. The runners followed by life insurance (35 percent + 7) and savings contracts (28 percent). The Riester pension continued to lose popularity. Find it lend itself well to the creation of wealth - only 13 percent (5).

The current demand for property could decrease even with the high reputation but. 30 percent of respondents said they plan to buy a house. A year ago the figure was 36 percent. 48 percent are now using their own property for asset protection. That was a year ago, 7 percentage points less. At the forefront of the active asset protection is still a savings account, which use 65 percent of the people interviewed.

Restricted their consumption have only 23 percent of Germans - half as much as seven years ago. However, 69 percent say they have not changed their personal expenses. Approximately the same amount (71 percent) want to continue to spend as much money as before.

Title Post: Property Demand Reaches Climax
Rating: 100% based on 99998 ratings. 4 user reviews.
Author: Unknown

Thanks For Visiting Financial And Business Notes