A house is for sale in North Andover (USA). The boom in the real estate market in the USA has come to an end for the time being.
(Photo: dpa)
New York, London, Frankfurt, Stockholm The mood on the real estate markets is changing worldwide: For many people, buying a house or an apartment is no longer affordable – demand is falling significantly as financing costs and economic risks increase.
According to the house price index published on Tuesday by the financing marketplace Europace, the prices for condominiums and existing one- and two-family houses in Germany also fell in September. Since the beginning of the year, interest rates on ten-year real estate loans in Germany have more than quadrupled.
But the real estate industry, which for many years only knew growth, is not only struggling in Germany. The market has also turned in other European countries and the USA. The correspondents of the Handelsblatt give an overview of the foreign real estate markets.
USA: Real estate demand cools down significantly
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