Experts see the rise in construction interest slowed down. They expect interest rates to remain constant or rise only minimally until the end of the year.
(Photo: dpa)
Frankfurt It is the topic in the real estate industry: the rising interest rates. Last but not least, it was the opportunity to finance a real estate purchase cheaply that led to a boom in the real estate market in recent years. But last summer, a trend reversal began: building interest rose. Experts feared that housing prices could also come under pressure as a result of more expensive financing. But: The rise seems to have stopped at the moment.
Interest rates for mortgage lending have even fallen slightly. And experts are giving the all-clear: It is expected that construction interest rates will rise only slightly by the end of the year or move sideways.
“In Germany, fears of a recession have recently outstripped fears of inflation,” explains Mirjam Mohr, who is responsible for private customer business on the board of mortgage broker Interhyp. “That’s why construction interest rates have fallen since the ECB decision last week. They are currently just under three percent.”
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