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Wednesday, February 1, 2023

Falling property prices: should I buy a property now?

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House and apartment prices are falling. In some properties even more than expected. Those who act courageously now have a real chance of price reductions as a buyer. Five tips on how to get home ownership after all.

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Nadine Oberhuber

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So it is moving after all: It took a while, but the local and stable real estate market is now reacting noticeably to the major changes on the financial market. Real estate prices are falling, and in some areas of the market more than expected. Sometimes houses and apartments are currently available for sums that were last paid in 2021. In other words, the interest rate shock from the central banks has erased the price increases of the past two years.

Source: Stern

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