Financial expert reveals: This is how real estate dreams came true despite the pandemic - reports and tips

Last year it was difficult to buy a house or apartment. Still, there are many stories from homeowners who want to share their home buying experiences. One of them is Martin Eder, 48 years old, who bought a 120 square meter terraced house in Bonn-Endenich for 459,000 euros and is paying 3.8 percent interest on his building financing.

Real estate market in transition

This story shows that the real estate market is subject to constant change. During times when demand is high and supply is tight, houses and apartments can be sold at higher prices. The current interest rates also play an important role in the decision to finance a home. According to experts, low property availability and high interest rates can lead to price increases, making it difficult for potential buyers to realize their desired property purchase.

Impact on the real estate market

Martin Eder's story shows that unexpected opportunities can also lead to a property purchase, even if you are not actually actively looking. For the real estate market, this means that even seemingly less attractive properties can find buyers as long as the general conditions such as location and price are right. Martin's story also makes it clear that the market is influenced not only by supply and demand, but also by the individual living conditions of potential buyers.

According to a report by www.zeit.de,