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Real estate market 2023: fall in prices and rise in interest rates - forecast for 2024
2023 brought changes to the real estate market: home prices fell, buyers were able to negotiate discounts, and homeownership became slightly more affordable. At the same time, rising interest rates made financing more difficult, and new energy requirements caused uncertainty among developers. At the end of the year, interest rates unexpectedly fell and the decline in real estate prices stopped. As m.bild.de reports, the real estate market will show signs of stabilization at the end of 2023. This development could have a positive impact on the market in 2024. The decline in house prices and the possibility of discounts for buyers could lead to increased demand. This could cause prices to rise again and...
Real estate market 2023: fall in prices and rise in interest rates - forecast for 2024
How m.bild.de reports, the real estate market will show signs of stabilization by the end of 2023. This development could have a positive impact on the market in 2024. The decline in house prices and the possibility of discounts for buyers could lead to increased demand. This could cause prices to rise again and ensure a positive market situation.
The sudden reduction in interest rates at the end of 2023 could also have a positive impact on the real estate market in 2024. Lower interest rates make construction loans more affordable and could thus further increase demand for home ownership. This could lead to more people being able to afford to buy a property, thereby stimulating the market.
However, the unsteady development due to new energy regulations and laws could still mean a certain degree of uncertainty for potential developers. It is therefore important that the legislation and requirements for the construction and sale of real estate remain transparent and plannable in order to create trust in the market and avoid further turbulence.
Read the source article at m.bild.de