In view of the rising mortgage interest rates, some are now having to give up the dream of owning their own home. That could depress purchase prices.
(Photo: imago images/blickwinkel)
Frankfurt For a long time you couldn’t go wrong with the purchase of a property, after all the prices for apartments and houses have risen steadily and significantly in recent years. But now the environment has changed – and for many prospective buyers, the dream of owning a home is becoming a distant dream. For some, however, this is precisely what offers opportunities: you can hope for falling prices.
A current analysis by the online portal Immoscout24 shows how much the market is changing: In the second quarter of 2022, the demand for residential property for sale on the provider’s websites fell by 36 percent compared to the previous year. The decisive factor for this: the surprisingly significant increase in construction interest rates.
Read on now
Get access to this and every other article in the
Web and in our app free of charge for 4 weeks.
Continue
Read on now
Get access to this and every other article in the
Web and in our app free of charge for 4 weeks.
Continue