“The low interest rate environment of the last decade has fuelled the demand for real estate and the purchase prices and loan amounts significantly increase”, says Jörg Utecht, Chairman of the Board of Interhyp. The company arranges construction financing.
Current interest rates only a quarter of the sets of 2010
The level of interest rates for construction loans is currently about a quarter of the ten years ago, standard terms and conditions. While in 2010, for ten-year loans, interest rates of around four percent per year were required, the conditions today, usually under one percent. The cheap home loans interest rates, led to rates, many prospective buyers of affordable credit. Therefore, the property remains from the point of view of the funding of experts continues to be interesting for owner-occupiers as well as investors.
FOCUS Online construction loans-comparison (display) Directly to the computer
The Corona-crisis have not stopped the Run on the property to date. Rather, the home was moved closer to the view point.
average price currently at 434.000 EUR
the current price development index: The average real-estate prices, including ancillary costs have increased in Germany in the first half of the year 2020, compared to the previous year, an average of seven percent, according to Interhyp chief in Downing street.
The average purchase price of a Interhyp financed property was included in addition to cost in the year 2010, the average 277.000 Euro, in the 1. Half of 2020 in contrast to an average of 434.000€.
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In the case of the customer, the Trend of the past years, there was more to choose a high level of repayment and interest bonds.
investors continue to focus on real estate
The favourable level of interest rates has the property as an investment in the past ten years, more attractive, according to the study. Accordingly, the share of investors who Finance a rented property doubled, in the above-mentioned period of twelve percent in 2010 to a current level of 25 percent. Three-quarters of mortgage customers to buy or build a property according to Interhyp, but, in order to live in it.
The study is based on more than 600,000 loans from 2010 until the end of June 2020.
Also interesting: is The dream of home ownership: how to secure your construction financing from
real estate Atlas 2020
In this PDF guide you will find everything that is Important to the topics of rent, the purchase price for condos and houses in 100 cities.
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