Real estate market 2024: trend reversal in sight

Real estate market 2024: trend reversal in sight

The real estate market has seen a rapid increase in prices in recent years, but this came to an abrupt halt in 2022. Brokers, buyers and sellers experienced a period of stabilization, but this was influenced by inflation, economic challenges and the interest rate turnaround. This led to a decline in demand and prices in the real estate market. Gerald Hörhan from Investment Punk Academy GmbH predicts a trend reversal in 2024, based on current price and interest rate developments, which signal a stabilization of the framework conditions for everyone involved.

As a renowned real estate expert, Gerald Hörhan has made a name for himself both as an investor and through providing financial education. His forecasts for the 2024 real estate market indicate an increase in inquiries for construction financing and growing buyer interest. This positive trend could lead to a gradual increase in property prices, which had already seen a slight upward movement at the end of 2023. Falling long-term interest rates and possible interest rate cuts by the European Central Bank could further stimulate real estate trading.

Despite the challenges of the previous year, Gerald Hörhan is optimistic about the coming months, in which favorable prices and financing options offer potential for good profits. Brokers report a recovery after a difficult 2023 and an opportunity to expand business. A fundamentally positive development is emerging, provided there are no further geopolitical escalations. However, levels are expected to be lower compared to past boom times and the property development industry continues to grapple with the consequences of past challenges. Gerald Hörhan therefore recommends carefully monitoring the market and adapting to possible changes.