In Germany, bausparen plays an important role in housing finance. About 60 percent of all property purchasers use bauspar funds. Many young people start saving early with a bausparkasse.
Key figures of Bausparen in Germany 2021
Bauspar contracts | Private Bausparkassen | All German Bausparkassen |
Number of contracts in inventory | 15.4 million | 23.9 million |
Bauspar sum in inventory | 608.3 billion EUR | 913.4 billion EUR |
Number of new contracts | 0.9 million | 1.4 million |
Bauspar sum of new contracts | 47.0 billion EUR | 72.8 billion EUR |
Paying out for housing | 31.0 billion EUR | 40.2 billion EUR |
New deposits | 17.8 billion EUR | 27.5 billion EUR |