Private real estate assets in Germany have doubled in the last 20 years to a total of 6 billion euro. Representing over half of all private assets property continues to be the most important form of investment. As with other types of asset, real estate is unevenly distributed between low and high earners, old and young, employed and unemployed and western and eastern Germany. Approximately half of the population own land and buildings, with the wealthiest fifth owning 75 per cent of all property. There has been no noticeable change in this distribution in recent years.
A lively democracy thrives on the struggle between different interest groups for majority opinion on specific issues. Though the institutionalised process of balancing interests and hearing opposing points of view takes time, acceptance of these parliamentary ...
Distributional analyses often focus on either income or wealth. However, a comprehensive picture of the material well-being of a nation’s households can only be obtained by considering both variables together.