A house from the 1930s in Berlin is insulated with Styrofoam panels on the outside wall. But for poorly renovated houses, prices could come under pressure.
(Photo: dpa)
Frankfurt The rapidly rising prices for natural gas, heating oil and electricity are expected to have far-reaching consequences for the real estate market. Experts expect that the market in Germany will split significantly more in the coming years due to rising costs.
“Owners of poorly renovated houses are likely to be among the losers in this development,” Jens Honigmann, CEO of the valuation company Value AG, told the Handelsblatt. These are often mainly existing properties that are more than ten years old. “Sellers of houses that are this old or older and have a poor energy rating must expect significant price changes.” Because fewer and fewer buyers are willing to buy a house that has yet to be renovated in the current situation.
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