"As of 2023, Germany's home ownership rate was 47.6%, up from 46.5% in 2022. This is an increase from the 51.31% average between 2005 and 2023, and a high of 53.4% in 2011. Germany's home ownership rate is lower than other countries, and it has the largest rental real estate market in Europe. Some reasons for this include:
- High real estate transfer tax
- Owner-occupiers can't deduct mortgage interest payments from their taxes
- The existence of social housing"
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