house prices in germany

There's another pretty simple reason Germans are less likely to own houses. The government doesn't encourage it. Unlike high-homeownership countries like Spain, Ireland and the US, Germany doesn't let homeowners deduct mortgage-interest payments from their taxes. Unlike in other countries, such as Denmark and Switzerland, there are no restrictions to foreigners to purchase real estate in Germany. Currently, many foreign purchasers acquire properties in large German cities such as Berlin, Frankfurt and Munich.