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Interhyp: 90 percent of the loans for user properties
Housing in Germany is still on the ground. The real estate loan is an indicator. They also provide information about the preferences of buyers.
After the 2023 real estate market crashed, more people buy a house or apartment again – but hardly any new buildings. This emerges from the business figure of the real estate loan broker Interhyp. According to this, only 12 percent of customers completed a financing for a new construction project last year, the very large majority acquired user properties.
Considerably more financing
According to the company, Interhyp has a Germany -wide market share of a good eleven percent in the mediation of real estate loans. In 2024 there were 123,000 customers who completed a total of loan of 22.4 billion euros. That was over five billion more than 2023. “The real estate market has recovered significantly throughout 2024,” said CEO Jörg Utecht.
Credit rates decreased again
The low in 2023 was mainly caused by the combination of higher construction costs and increased interest rates. Building is still expensive, even if a number of construction companies have now reduced their prices a bit. However, the loan rates have decreased. According to Interhyp, the interest rate for a ten -year standard loan is currently 3.4 percent, a year ago it was 4.2 percent. Finally, however, a sideways movement emerged.
According to Utecht’s words, the increase in rents associated with the lack of new buildings contributes to the increased demand for property. “What has also made the purchase of a property more attractive are the increasing rental prices.”
dpa
Source: Stern
