For professional real estate agents, marketing begins with the right time to sell. Did you buy a property a few years ago? Regardless of whether you bought a condominium or a single-family house at the time. Today it is not uncommon for you to get twice as much for this. Of course, it all depends on the condition and location. Overall, real estate prices in Germany are at a record level. In the metropolitan regions anyway, but also in the surrounding areas of large cities and in medium-sized, especially so-called swarm cities, prices are higher than ever before in Germany. Berlin and Düsseldorf are two of the most interesting cities in Germany for real estate sellers.
As real estate agents, we know – there are essentially two reasons for the enormous price development in the real estate market. On the one hand, there is the strong demand for living space, fueled in particular by growing population numbers and the influx of people into the metropolitan areas, and on the other hand, by currently historically low interest rates. Which in turn means that the enormous rise in real estate prices is cushioned for buyers.
In Berlin and Düsseldorf, for example, both new buildings and existing properties are currently extremely popular. But not only in the metropolitan areas and their fat belts. As a result of rising rents, but above all due to the shortage and the associated problems of finding adequate housing, more and more city dwellers are moving to the surrounding area. Here the prices have been affordable up to now, but here too the prices are rising sharply due to the demand that has arisen. Ultimately, it is also worthwhile here to have the individual circumstances assessed by a real estate expert.
As previously described, building interest rates are currently at a historically low level. How long does this trend last? Expert opinions differ. Some take the position that the real estate market in Germany in metropolitan areas already meets criteria that speak for a real estate bubble. Following this logic, interest rates would then have to be lowered in order to prevent the market from further overheating.
The opposite and more common position, however, is that interest rates have to be kept at a low level in order not to fuel a new crisis by making the financing of national budgets, especially those of southern Europe more expensive.
