Real estate market: is the boom over after the turnaround in interest rates?

Real estate market: is the boom over after the turnaround in interest rates?

There is a lack of everything in construction and interest rates are rising – many experts see the boom in the real estate market coming to an end. Nevertheless, living space is likely to remain scarce and expensive.

Nadine Oberhuber

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If you ask Dirk Salewski what the biggest problem in construction is at the moment, he pauses. “A problem?” he asks, only to add: “Everything is difficult at the moment,” says the contractor and board member of the Federal Association of Independent Real Estate and Housing Companies (BFW): “Building has never been easy, but it is at the moment anything but amusement taxable. Frankly, it’s a total disaster.”

Source: Stern

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