Real estate prices: interest rates and inflation – what threatens banks and customers?

The board of directors of a major bank often can’t stand it any longer: he sets off at the weekend to find out how the real estate market is really doing. The banker explains that he left his apartment in Frankfurt’s Westend and strolled through the posh district until he came across a construction project. And further: “I write down the number of the construction company, call them later, pretend to be a prospective buyer.” But: “I claim that I can no longer afford the apartment – because of the increased interest rates,” says the board . “And ask for a discount.”