Expert explains: Hardly anyone in Tyrol can fulfill their dream of owning their own chalet
According to a report by www.faz.net, sales of apartments and houses in Germany have recorded a decline. This also has an impact on the market for holiday homes and second homes in the Alps. Experts like Albert Sacher are faced with the challenge of analyzing the reasons for this decline and assessing the impact on the real estate market. The increased interest rates are cited as the main reason for the decline in holiday property business. Due to increased interest rates, many potential buyers are having difficulty obtaining financing. The buy-to-let model, in which properties are purchased in order to rent them out, is particularly affected by this development. This development…

Expert explains: Hardly anyone in Tyrol can fulfill their dream of owning their own chalet
According to a report by www.faz.net, sales of apartments and houses in Germany have recorded a decline. This also has an impact on the market for holiday homes and second homes in the Alps. Experts like Albert Sacher are faced with the challenge of analyzing the reasons for this decline and assessing the impact on the real estate market.
The increased interest rates are cited as the main reason for the decline in holiday property business. Due to increased interest rates, many potential buyers are having difficulty obtaining financing. The buy-to-let model, in which properties are purchased in order to rent them out, is particularly affected by this development.
This development is likely to mean that prices for holiday properties in the Alps will remain stable for the time being or could even fall. The market situation could improve for potential buyers, while sellers could face a more difficult selling situation. It is important to monitor these developments and make possible adjustments in sales and marketing strategies to respond to the changing market situation.
Read the source article at www.faz.net