property
Association sees revitalization on the real estate market
Thanks to interest reductions, house and apartment buyers are easier to get to loans again, which is also noticeable on the real estate market. Investments rose again last year.
After a break -in in the previous year, private individuals and companies invested more money in real estate again in 2024. According to a extrapolation, EUR 242 billion flowed into private and commercial real estate last year and thus 5.5 percent more than 2023, as the IVD industry association announced.
IVD President Dirk Wohltorf spoke of solid stabilization. “The real estate markets are slowly reviving, the positive tendency is measurable.” The investment volume in the second half of the year was 127 billion euros above that of the first half of the year (115 billion euros).
The interest rate reductions are likely to have contributed to the development, the loans. The need for living space remains large and real estate also applies as an attractive form of old -age provision, says Wohltorf. The basis for the extrapolation of the IVD is data from the Federal Ministry of Finance for a real estate transfer tax volume.
dpa
Source: Stern
