Frankfurt The Delamotte family has already felt the unpleasant effects: the signs on the German real estate market are turning from boom to crisis. Three years ago, Thomas Delamotte signed the purchase contract for a condominium in Munich-Hadern.
To this day, the family of four is waiting to move into their home, which should be ready in April 2020. The house is still a construction site due to construction delays. In the meantime, Delamotte and his wife have gone to court and are suing the property developer. But for the time being, the family of four must continue to live in a 55 square meter rented apartment.
While for them the dream of owning their own home is still quietly alive, for others it has already burst in the face of rising interest rates and construction costs. How do you behave correctly if you do not want to give up the plan of your own property? These are the seven most important questions you should ask yourself before you buy – and the answers to them.
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