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Opportunities and risks: real estate market in focus
Discover the current trends and forecasts for the real estate market this year in an interview with IW real estate expert Michael Voigtländer on LinkedIn. How could interest rate cuts and rising rents affect the market? Find out!
Opportunities and risks: real estate market in focus
In an interview with LinkedIn News DACH, IW real estate expert Michael Voigtländer explains the current developments on the real estate market. The ECB's interest rate cuts could have a slow impact on the financing situation, as expectations are already priced into interest rates. However, rising new contract rents and a new special depreciation could stimulate transaction activity. However, a sudden improvement is not to be expected.
Demand for real estate could pick up again as a decline in housing construction makes apartments more scarce. Added to this is immigration to big cities, which is increasing the demand for properties to buy and thus closing the window of opportunity for buyers. Demand remains high, particularly in metropolitan areas without significant price discounts and in properties with a good energy balance.
Despite the biggest drop in condo prices in 60 years, prices could rise again this year, although not as sharply as in previous years. The demand for housing exceeds the supply, which drives up prices. Prices could rise quickly, especially in large cities such as Berlin and Munich, where incomes are growing faster.
Long-term interest rate developments are difficult to predict. However, in the long term, interest rates could fall again, which could be beneficial for those who want to buy a property now. It is recommended that part of the financing be provided with a shorter fixed interest rate in order to benefit from this possible development. However, it is important to consider the risk of an adverse development.