Rents are rising, real estate prices are falling: the market is differentiating again, which is why buyers and sellers should now be aware of any change.
- Rising interest rates, inflation and disrupted supply chains are shaking up the real estate market. The golden times are over.
- Buyers can expect prices to continue to fall. But there will be no crash. It remains expensive for renters.
- But be careful: buyers and sellers should examine their motives rationally, because emotions often play tricks on them when it comes to real estate.
Ulrich Reuter usually chooses his words carefully. But in view of the development on the German house and apartment market, the head of the Bavarian savings bank association is unusually emotional. “The market for private real estate financing has changed dramatically,” the gaunt manager with the gold-rimmed glasses describes the situation.
The volume of new financing has currently fallen by almost half compared to the same month last year. Reuter: “Where there are no buyers, no financing is needed.”
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