Low interest rates stimulate the demand for home ownership. Property in Frankfurt am Main are now almost as expensive as residential real estate in Munich.
Time for house construction? Interest rates are currently at historically low levels.
Historically low interest rates and bitter experience from the global financial crisis, the property is worth substantially to a relatively safe investment opportunity. Well one in four Germans wants to use the low interest for the purchase. This is the conclusion of a representative survey of the Internet portal Immowelt.
Loans must have currently very favorable. With ten years of commitment to the effective interest rate is around three percent. Accessing or wait? A flat-rate forecast for the whole of Germany can not deliver, but the regional markets are too different. "The higher the wealth, the higher the prices," says the association of the country's building societies (LBS) in its current, detailed market analysis.
It can also derive the prediction: in metropolitan areas like Munich and Frankfurt am Main, real estate prices and rents are relatively high and likely to increase in the future something more. Stay at affordable prices, there are rare. "In Berlin, a housing shortage in the foreseeable future is unlikely," says Barbara Smith, spokeswoman for the Internet portal Immowelt the Frankfurter Rundschau.
Frankfurt, with net rents of more than eleven euros per square meter now almost as expensive as the Bavarian capital. In the Mainmetrople the average is currently at € 11.08, on the Isar at € 12.14. The highest rents are in Frankfurt's Westend with fork out an average of € 15.14. For even higher quality equipment € 30.83 is required. Inexpensive it is in the peripheral regions, such as Immowelt has found in a recent study. There are sometimes still hiring of six euros in it.
Even condos are exceptionally expensive on the Main. The purchase price is on average 2619 € per square meter. On the outskirts of the city, such as Hoechst, the dream of home ownership can be achieved already for 1700 €. By comparison, in Berlin, ranging from 1600 to 2300 €.
The purchasing power is higher in Frankfurt. However, an average detached home costs currently also a proud 644 016 € - appreciate and rising as real estate professionals with a view to re-recovering economy. A continuing downward trend takes on, for example Immowelt for Northern Hessen.
Province is better than big city
For the 16 states has emerged in recent years follows. "The value of a house in eastern Germany is lowest and increases counterclockwise on the north and west into the 'rich south,'" ascertaining numerical LBS experts. Apart from some "Better-Living-on-the-country-region" is in the south of the Republic continues: The province is cheaper than the big city.
A change of mood post the mortgage lender being especially new construction. With a renewed increase in demand for the building societies expected but also in existing homes. Last year the building permits for new dwellings are first time in years, rose by 1.9 percent to 178 000. Too little, experts say, with a view to lost approximately square by demolition, increasing single-person households and higher space standards.
LBS experts estimate that increasing the per capita demand alone in the West today 47 to 54 square meters by the year 2030. To the east is expected to increase from 43 to 55 square meters. Against this background would actually be built per annum 270000-350000 apartments in Germany until 2025, was the verdict of the majority of housing industry experts.
