Germany's Housing Crisis Has Produced a Generational Wealth Gap That Is Reshaping Its Politics

A landmark study by the German Institute for Economic Research finds that homeownership rates among Germans under 40 have fallen from 34 percent in 2010 to 19 percent in 2025 — a decline that correlates directly with rising support for parties outside the traditional centre, and that is forcing a rethink of a housing policy that has favoured existing owners for three decades.