According to multiple pieces of research conducted in Europe, quality of life can be measured by 9 factors. These are material living conditions, which include income and consumption, productivity, healthcare, education, social interaction & leisure, economic & physical security, basic rights & governance, living environment, and overall life experience.
These life indicators, as mentioned by Eurostat Statistics, an online publication of EU statistics, should be relative to a country’s GDP. This reason alone explains why a nation’s GDP is not necessarily reflective of its quality of life.
Germany however, has been consistently ticking the box for these life indicators making it an ideal country to live in Europe. German residents have all access to a high-quality of life. This is the reason why many expatriates are moving the country to obtain European citizenship. Here are the reasons why Germany is one of the best places in the world to live in.
German Cities Are Top Ranking
Apart from it being the 4th top country in the world, the country’s cities have been constantly on top of the Mercer Quality of Living Ranking which annually ranks the quality of life and living in 231 cities worldwide.
In fact, for 10 years in a row, German cities of Frankfurt, Munich, and Düsseldorf have consistently been in the top 10. The cities ranked seventh, third, and sixth respectively. At the same time, the cities of Berlin, Stuttgart, Hamburg, and Nuremberg are among the top 30 cities in the world in terms of quality of life.
Country Statistics are Impressive
Numbers do not lie, they show facts. According to several studies worldwide, Germany has one of the best numbers. The country stands out on its merits with employment, literacy, and overall living quality.
The average household net adjusted disposable income per capita is higher than the average of an OECD (Organisation for Economic Co-operation and Development) country.
There are a total of 36 member countries in the OECD that include the UK, USA, Canada, and Japan. Further, here are some of the impressive statistics about life in Germany, according to the OECD website:
- About 75% of people aged 15 to 64 in Germany have a paid job.
- 87% of adults aged 25-64 have completed upper secondary education.
- Life expectancy at birth in Germany is 81 years
- 91% of people say they are satisfied with the quality of their drinking water.
- 90% of people believe that they know someone they could rely on in time of need.
- When asked to rate their general satisfaction with life on a scale from 0 to 10, Germans gave it a 7.0 grade on average, higher than the OECD average of 6.5.
An Attractive Place For Investment
Germany is Europe’s biggest economy. On average, the volume of real estate investments in the country is approximately 30 billion Euros per annum and has continued to grow since the past decade.
The country’s transparent market, efficient laws, and stable economic performance have attracted foreign investors looking for an asset with less risk. Moreover, Germany’s real estate yields, particularly in commercial real estate, are higher in comparison to its neighboring countries.
SRG’s German Entrepreneurial Residency Program is for foreign individuals looking to create value for their investment and at the same time are aiming for European citizenship. This involves the purchase of an off-plan real estate and engagement in entrepreneurial activity in upcoming development projects in the country. Talk to our experts to learn more.