Dusseldorf The real estate market is tense, and for many people the dream of owning their own four walls is now threatening to burst: The main reason for this is the sharp rise in construction interest rates. They have tripled since the beginning of the year and are currently around three percent for ten-year financing. Inflation and the shortage of raw materials and craftsmen are causing additional uncertainty – among both buyers and sellers.
“People are cautious and reserved. They look in which direction the market is moving,” says Jörg Utecht, head of the mortgage broker Interhyp, in the podcast Handelsblatt Today.
Utecht discusses with Agatha Kremplewski why he sees opportunities for real estate sellers because of the high interest rates. “We can’t yet speak of an end to the real estate boom, but slight price declines of around one percent are already visible,” explains Utecht. In the current podcast episode, he explains how buyers can benefit from the current situation.
Also: Siemens was in the red in the third quarter of 2022: the group lost 1.5 billion euros. Axel Höpner explains why in the podcast. He is head of the Handelsblatt office in Munich.
Top jobs of the day
Find the best jobs now and
be notified by email.
Exclusive offer for Handelsblatt Today listeners: Test Handelsblatt Premium for 6 weeks for €1 and stay informed about what’s moving the financial markets. With a bit of luck you can also win a Kindle e-reader. More information is available here.
If you have any comments, questions, criticism or praise for this episode, please email us at: [email protected]