Gloomy prospects for the real estate year 2024: Financial experts warn of rising costs and political uncertainty.

Gloomy prospects for the real estate year 2024: Financial experts warn of rising costs and political uncertainty.

According to a report by www.tagesspiegel.de, we will face some challenges in the real estate market in 2024. New construction costs are rising, loan installments are becoming more expensive and property tax rates are increasing. Political uncertainty, rising rents and energy prices as well as high numbers of refugees contribute to the tense situation. The crisis is particularly noticeable in cities like Berlin, where purchase prices for old buildings that have been neglected in terms of energy efficiency are also falling.

As a real estate market expert, it is important to analyze these factors and calculate their potential impact. Rising new construction costs could lead to fewer new properties being built, which could lead to a supply shortage in the long term. This, in turn, could further increase property prices as demand remains high and supply is limited.

The higher loan rates could lead to lower demand for real estate loans, which could have a negative impact on the overall market. In addition, rising rents and energy prices could increase the financial burden on tenants, which in turn could have an impact on demand for rental properties.

The falling purchase prices for old buildings that have been neglected in terms of energy efficiency represent a challenge for owners who have invested in the energy-efficient renovation of their properties. This could lead to fewer owners being willing to invest in upgrading their properties, which could lead to housing deterioration in the long term.

Overall, it is important to closely monitor developments in the real estate market and take possible measures to mitigate the effects of the factors mentioned.