D.The granting of real estate loans by the savings banks of Baden-Württemberg is in sharp decline due to inflation and rising real estate prices. Loans worth almost 700 million euros were granted in September, 904 million euros in August, as announced by the president of the savings bank Peter Schneider. For comparison: in January of this year, 1.19 billion euros of loans were still granted.
Schneider said there was extraordinarily strong demand for home loans at the start of the year, given frequent reports of expectations of interest rate hikes. “We have experienced a pull-forward effect. Everyone who had specific loans in mind wanted to secure the lowest possible interest rates. ”Meanwhile, lending in the real estate sector has cooled noticeably, but it has by no means stopped.
In total, the 50 savings banks of Baden-Württemberg had loans on their balance sheets of over € 160.4 billion at the end of September. This is 11.3 billion euros more than at the end of September 2021. According to information, loans to individuals (76.2 billion euros) are in balance with loans to businesses and self-employed workers (76, 1 billion euros). The other eight billion euros are loans to municipalities and others.
