House and apartment
Higher real estate prices startle first interested parties
Financing the residential building or condominium is the most expensive purchase in their lives for most real estate buyers. Many people are accordingly careful.
Again rising prices for houses and real estate, according to a survey by the financing broker Interhyp, the first interested parties are screaming. In the new issue of an annual survey by the company, 55 percent classified residential properties in their respective region as “light” or “funds”. That was four percentage points less than a year ago, but more than two years ago.
Interhyp interviews a good 1,000 people online every year who are interested in buying real estate, have been looking for a real estate in the past two years or have bought a property in the past five years. According to Interhyp, the results are representative of this group.
Phase falling prices ended
The results of the survey reflect the turbulence of the past few years on the real estate market. The rapid interest increase in 2022 and 2023 had meant that many interested parties could no longer afford residential property. Two years ago, only half of the respondents classified the residential properties in their region as affordable. Since many sellers could not hit their real estate at the prize that was originally hoped for, prices sank almost nationwide.
This phase has now ended, according to Interhyp, residential property prices have increased by around five percent again since January 2024. On the other hand, the loan rates have dropped a little again. “The greater demand for real estate is reflected here,” said Interhyp CEO Jörg Utecht. Accordingly, more than two thirds (68 percent) of the survey participants estimated that real estate prices have increased in the past twelve months.
dpa
Source: Stern
