How does it feel to suddenly be an heir? A financial expert talks about his unexpected inheritance.

According to a report by www.zeit.de, Kai Metering*, a 41-year-old business economist from Hesse, talks about his legacy in the article. Six years ago, his father gave him 180,000 euros as an early inheritance tax-free. Kai Metering describes his father as someone who grew up in poor circumstances, but was successful in politics and lives frugally. He wanted to give his children a comfortable life and used his savings to buy a house and three apartments. About seven years ago he sold two of the apartments, a holiday apartment and an apartment that had previously been rented to a pensioner.

Fact-based information and possible impacts

Impact on the real estate market

The sale of real estate, especially apartments, can have a direct impact on the real estate market. Due to the sale of the holiday apartment and the rented apartment, two apartments were taken off the market. This can lead to a lower supply of housing and potentially affect the price of available housing.

Impact on the real estate industry

Selling property can also impact the real estate industry. Brokers and real estate developers can benefit from such transactions as they can earn commissions and profits from the sale. However, at the same time, there may also be competition between agents as the market may be saturated and there are fewer properties for sale.

Impact on potential buyers and tenants

For potential buyers and tenants, the sale of real estate can have an impact on the availability and prices of apartments. When the supply of housing decreases, it can be more difficult to find a suitable property. Additionally, declining supply can lead to an increase in property prices, which can make access to affordable housing more difficult.

conclusion

The story of Kai Metering's inheritance and his father's sale of real estate shows that such transactions can have an impact on the real estate market and the real estate industry. It is important to analyze these impacts and understand the potential consequences in order to make informed decisions related to real estate investments.