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Dream of owning your own chalet in Tyrol - financial expert explains current market situation and financing options #Real Estate #Alps #Financing
According to a report from www.faz.net, sales of apartments and houses in Germany have collapsed, and this restraint has also affected the market for holiday homes and second homes in the Alps. The market has declined, mainly due to increased interest rates and the resulting financing difficulties for a broad clientele of buyers. But how do these developments affect the real estate market in the Alps? The increased interest rates mean that a broad group of buyers are no longer able to finance vacation properties, especially with the popular buy-to-let model. This could lead to supply of holiday properties in the Alps piling up while demand falls. …
Dream of owning your own chalet in Tyrol - financial expert explains current market situation and financing options #Real Estate #Alps #Financing
According to a report by www.faz.net, sales of apartments and houses in Germany have collapsed, and this restraint has also affected the market for holiday homes and second homes in the Alps. The market has declined, mainly due to increased interest rates and the resulting financing difficulties for a broad clientele of buyers.
But how do these developments affect the real estate market in the Alps? The increased interest rates mean that a broad group of buyers are no longer able to finance vacation properties, especially with the popular buy-to-let model. This could lead to supply of holiday properties in the Alps piling up while demand falls. Price developments could stabilize or even fall if supply can no longer cover declining demand.
Overall, the future of the holiday property market in the Alps is uncertain as financing conditions and the purchasing habits of potential buyers have changed. It is possible that prices will have to adjust in order to become more attractive again and stimulate the market.
Read the source article at www.faz.net