Buying or renting: Which form of housing suits you?

Buying your own property means more than just creating a home - it is also an investment in your own future. Instead of paying monthly rent, which goes permanently to the landlord, the money from the purchase goes towards building up your own wealth. Home ownership can thus offer long-term financial security - be it through rent-free living in old age or through the potential increase in value of the property.

But renting also has advantages: It offers flexibility, a lower initial outlay and can make more sense at certain stages of life.

Our article presents the advantages and disadvantages of the various options and provides guidance to help you make the right choice - taking into account your finances, life situation, market environment and future prospects.

Financial aspects: What is worthwhile in the long term?

The financial aspect is often the decisive factor when deciding for or against one of the two options. If you want to buy a property, you have to be prepared for significantly higher initial outlay than tenants. In addition to the purchase price, there are additional costs such as land transfer tax, notary, estate agent and financing. Reserves for future renovations to your property are also part of a realistic calculation. We explain in detail how high these ancillary costs are and where there is potential for savings in our article "Land transfer tax: exploiting potential savings