After a twelve-year boom on the real estate market, the signs have changed: high interest rates make financing more difficult, and new construction is collapsing. Are the purchase prices now also falling?
The red brick facade stands out from the historic gable front of Erfurt’s Altstadtgasse: the four-story apartment building, built in 1905, looks better than the neighboring buildings. And it’s in good shape inside, too: the apartments were renovated not too long ago, and the stairwell has been freshly painted. But what Andreas Schmieder is most excited about about the investment property is the price.
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Jane Stock is a technology author, who has written for 24 Hours World. She writes about the latest in technology news and trends, and is always on the lookout for new and innovative ways to improve his audience’s experience.