Real estate market in transition: More room for negotiation for prospective buyers thanks to falling transaction prices

Real estate market in transition: More room for negotiation for prospective buyers thanks to falling transaction prices

According to a report by www.berliner-zeitung.de, the dynamics of the real estate market have changed in recent years, giving prospective buyers more room for negotiation. Transaction prices have increased more slowly than advertised purchase prices, offering property buyers the opportunity to save money when purchasing apartments or houses.

This trend is primarily due to changing demand on the real estate market. The pandemic has caused buyers' preferences to change. Many people are now increasingly looking for more space in their own homes, as working from home and the increased demands on quality of living in the wake of lockdowns and restrictions are becoming more important.

The impact of this trend on the real estate market is diverse. On the one hand, buyers of apartments or houses can benefit from increased bargaining power by negotiating lower prices. On the other hand, real estate sellers' listings may also need to adapt to reflect buyers' changing preferences.

Overall, it can be said that current developments on the real estate market are opening up new opportunities for buyers and sellers. Buyers' bargaining power increases, while sellers may need to become more flexible in their offers to meet changing needs.