You can actually do this in most countries. Public Auctions of homes are for when people don’t pay land taxes so the local auditors repossess them and sell them dirt cheap to cover the amount due.
You certainly can’t buy a home in Germany that’s anywhere close to as cheap as the one in japan. Maybe there are some very remote plots of land with a ruin of a house on it, but those will still cost more than 4000€.
Public auctions around my area usually start at around 150k or more, so it’s just not worth it for me.
I don’t speak enough Deutsch to navigate their websites for specific examples, but home foreclosures in Germany increased 9% yoy in January 2025, but you’re also correct that property prices are quite high which is the primary contributor to rise in foreclosures.
It’s definitely highly desirable property given the chaos in the USA, the East, etc.
The home prices have climbed to these very high levels for many years, i’s nothing new. A large part of it is probably due to lax rules on investment in real estate.
The home forclosures are probably due to higher interest rates.
You can actually do this in most countries. Public Auctions of homes are for when people don’t pay land taxes so the local auditors repossess them and sell them dirt cheap to cover the amount due.
You certainly can’t buy a home in Germany that’s anywhere close to as cheap as the one in japan. Maybe there are some very remote plots of land with a ruin of a house on it, but those will still cost more than 4000€.
Public auctions around my area usually start at around 150k or more, so it’s just not worth it for me.
I don’t speak enough Deutsch to navigate their websites for specific examples, but home foreclosures in Germany increased 9% yoy in January 2025, but you’re also correct that property prices are quite high which is the primary contributor to rise in foreclosures.
It’s definitely highly desirable property given the chaos in the USA, the East, etc.
The home prices have climbed to these very high levels for many years, i’s nothing new. A large part of it is probably due to lax rules on investment in real estate.
The home forclosures are probably due to higher interest rates.