The finish of the home value decline is official | EUROtoday

There had been numerous early indicators, and now it's official: residential property costs in Germany didn’t fall any additional within the second quarter. Mortgage rates of interest definitely contributed to this, as their rise initially triggered the autumn in home costs and their fall is now serving to to stabilize costs. The first banks are lastly reporting rates of interest for constructing loans with a ten-year rate of interest fixation of lower than three % per yr below favorable circumstances.