According to the Federal Statistical Office, prices for houses and apartments increased by an average of 12.2 percent in the last quarter of 2021 compared to the same period last year.
(Photo: dpa)
There has never been such a sharp increase in house and apartment prices as in the last quarter of 2021 since the start of the time series in 2000. According to the Federal Statistical Office, prices increased by an average of 12.2 percent compared to the same period last year. This applied to detached and semi-detached houses as well as condominiums, both in rural regions and in metropolises such as Berlin and Hamburg.
In view of these developments, warnings of overvaluations and bubbles on the real estate market are inevitable. We are also interested in your opinion: What do you think – is there a bubble, is it about to burst? Would you still buy a property now, or are the risks and prices too high for you? What should politicians do now to slow the rise? Write us your opinion in five sentences [email protected]. We will publish selected articles with attribution on Thursday in print and online.
After all, experts expect prices to continue to rise this year. In addition, real estate buyers are faced with higher borrowing costs, and the times of historically low building interest rates are over. Due to the growing risks in real estate loans, the financial regulator Bafin recently instructed the banks to create additional capital buffers. If banks have to put up more money as collateral for their loans, they will most likely also make home loans more expensive for customers. Another driving factor are the more expensive building materials, which mainly affect the prices of new buildings.
Last week, Handelsblatt readers discussed whether it would really be better if energy for Europe came from Qatar or Saudi Arabia instead of Russia.
Top jobs of the day
Find the best jobs now and
be notified by email.