In times of low interest rates and skyrocketing market prices, the inherited property was above all gratifying. But now heirs and communities of heirs are faced with a whole series of massive problems.
(Photo: IMAGO/photothek)
Berlin The first post-war generation had created housing and bought real estate and land. Now the generation change is in full swing. Around 440,000 private properties are passed on to younger family members every year, either through inheritance or as a gift. More than half of the cases are single-family houses, the rest are apartments, land and residential complexes.
In times of low interest rates and skyrocketing market prices, the inherited property was above all gratifying. But now heirs and communities of heirs are faced with a whole series of massive problems.
A seller’s market has become a buyer’s market
Because the monthly management costs for real estate are high, many heirs consider selling. Because even an empty house has to be maintained, there are costs for heating, electricity, water and insurance.
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