People who want to realize their dream of owning their own home can currently find comparatively cheap loans.
(Photo: IMAGO/Rupert Oberhäuser)
Munich “It sounds macabre, but anyone who currently wants to finance a property should hope that the crisis in the American regional banks will continue,” says Max Herbst from FMH Finanzberatung in Frankfurt.
Fear of a banking crisis in the US has made German Bunds cheaper. They are considered a safe haven for investors from all over the world and an indicator of the construction money. The reason for this: if investors get little when they subscribe to federal bonds, people who build or buy pay less for their loan. Currently, building money with a ten-year fixed interest rate costs an average of 3.8 percent.
Nothing will change about that for the time being. Only when calm returns to the US banking market will international investors refocus their attention to the fact that persistent inflation is persisting in Europe, which the ECB currency watchdogs are countering with high interest rates, says Herbst.
Read on now
Get access to this and every other article in the
Web and in our app free of charge for 4 weeks.
Further
Read on now
Get access to this and every other article in the
web and in our app.
Further