High real estate prices threaten to ruin the dream of owning a home for many. But the willingness to negotiate is increasing among sellers, as has been observed at the mortgage lender Interhyp.
(Photo: dpa)
Frankfurt The years of boom in the real estate market seem to be coming to an end, but not everywhere at the same time. The prices for apartments and houses in the first half of the year increased nationwide compared to the previous year, but at second glance you can see clear differences at quarterly level and also in individual cities, as Interhyp shows in a study that was previously available to the Handelsblatt.
“One can speak badly of the real estate market in Germany, there are and always have been strong differences,” says Interhyp boss Jörg Utecht in an interview with the Handelsblatt. “And now that the market is finding a new balance, we are also seeing different degrees of adjustment in the individual cities and regions.”
The fact that the real estate market is currently undergoing an upheaval is mainly due to building interest rates, which have risen unexpectedly sharply and quickly since the beginning of the year. However, their increase has stopped at the moment. That “poses opportunities for real estate buyers,” says Utecht.
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