Follow-up financing is now pending for many properties that were financed in 2013.
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Munich According to the analysis company Barkow Consulting, construction loans of 88.7 billion euros will expire in 2023 alone. This means that tens of thousands of buyers and builders need another loan to pay off their remaining debt.
Some of them may have been able to secure the low interest rates that still existed in spring 2022 with the help of a forward loan. But those who waited are now confronted with interest rates of between 3.5 and 4.5 percent.
For everyone who has a loan with a ten-year fixed interest rate, this means that the interest rate on the new loan will be at least one and a half times higher than when you started your financing in 2013.
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