“Interest rates between two and three percent are not disruptive”

Jurgen Michael Schick

The real estate boom in this country could end in one to two years, says the IVD President.

Source: Michael Schick Real Estate

The Immobilienverband Deutschland (IVD) still considers the German house and apartment market to be attractive despite the growing uncertainties. Above all, interest in existing properties will remain “extremely strong” for the foreseeable future, said IVD President Jürgen Michael Schick to the Inside Real Estate Newsletter. Financing costs that have risen by 150 basis points would not change that much: “To say that a real estate commitment no longer makes sense because interest rates have risen is not enough.” After all, interest rates of three percent and more were common for many decades.

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