Is now the right time to buy a property? Experts say yes! Here are the reasons.

Is now the right time to buy a property? Experts say yes! Here are the reasons.

According to a report by finanzmarktwelt.de, the private real estate market in Germany has stabilized and property prices are expected to rise in the summer. This could be a good opportunity for potential home builders to take advantage, especially since building interest rates have fallen from 4.23% in the fall to the current 3.44%.

The statements from Interhyp, the market leader for arranging private building financing in Germany, confirm this assessment. According to Interhyp, the price trends from previous quarters are continuing, and in the fourth quarter of 2023 property prices stabilized on average at 6.9 percent below the previous year's value. Despite regional differences, those interested in real estate currently have a good window to buy.

The development of building interest rates plays a decisive role in assessing the right time to buy a property. Since building interest rates have fallen, buyers can benefit from a significantly lower monthly rate. A saving of around 24,000 euros is possible based on a ten-year fixed interest rate. In addition, the number of real estate offers on the market has doubled, giving prospective buyers a better negotiating position.

Data from ThinkImmo, a subsidiary of Interhyp, shows that buyers can also achieve price discounts, particularly on properties with lower energy efficiency ratings. This underlines the diverse opportunities that the current real estate market offers.

Overall, the information available shows that the real estate market currently offers good opportunities for potential buyers. The stabilized prices, the large supply volume and the low building interest rates make this an advantageous time to buy real estate.

Source: According to a report from finanzmarktwelt.de.