Interest rates continue to rise: are home loans still affordable? – Money

The best years for residential property buyers in Austria are likely to be over for now. The years of zero interest rates made extremely affordable financing possible, which led to a boom in the housing market. But now the tide has turned. The global surge in inflation has led to a turnaround in interest rates, which are currently skyrocketing. However, this also means that the days of cheap money are over: both variable interest and newly issued home loans are becoming significantly more expensive.