Frankfurt Real estate buyers in Germany have to be prepared for even higher interest rates on loans. After the interest rate decision in the USA, experts are assuming a further increase in mortgage interest rates in Germany.
“We expect further interest rate increases and consider three percent for ten-year loans to be realistic over the course of the year,” said Mirjam Mohr, board member for private customer business at real estate financier Interhyp, on Thursday. According to Interhyp, interest rates for ten-year loans are currently around 2.6 percent.
Although construction interest rates have recently risen sharply within a short period of time, borrowers cannot expect the surcharges to relax, which are already making themselves clearly felt in loan installments. The real estate platform Immowelt calculates that the peak monthly costs are already 1,010 euros higher than at the beginning of the year.
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