Mr. Just, construction interest rates are no longer rising and house prices are barely falling. Is now the right time to buy a property?
There are good reasons to consider buying again. The cheaper financing costs and lower prices as well as increased incomes due to high wage agreements and still moderate labor market risks make real estate somewhat more affordable. The prices for new buildings are already rising again, and the alternative of renting is also rapidly becoming more expensive – at least for those who are currently looking for an apartment or a house. They have to sign a new rental contract at the currently high rents, so they do not benefit from cheap existing contracts. But that does not mean that real estate purchases are really cheap. The best time to buy is therefore if you expect that too little will be built for a long time and that the bottlenecks will therefore remain for a long time. Then rents will continue to rise and later so will real estate prices again.