Declining Real Estate Market and Decrease in Mortgage Loan Requests

Declining Real Estate Market and Decrease in Mortgage Loan Requests

The general economic situation of the country continues to decline in the real-estate market. The level of interest rates continue to affect this productive area and are already showing effects in the requests for pre-approval of mortgage loans. The sale of homes has been uphill in the field; inflation, rise in material prices and increase … Read more

German Real Estate Banks Struggle with Increasing Loan Defaults Amidst a Prolonged Crisis

German Real Estate Banks Struggle with Increasing Loan Defaults Amidst a Prolonged Crisis

office building Prices, especially for office and retail properties, continued to fall in the second quarter, albeit not as quickly as at the beginning of the year. (Photo: dpa) München The German real estate banks are struggling with increasing loan defaults and are preparing for a longer dry spell. The crisis on the real estate … Read more

The Impact of Rising Interest Rates on the Housing Market: Decreased Construction and Sales

The Impact of Rising Interest Rates on the Housing Market: Decreased Construction and Sales

The fact that significantly fewer people can build a house or buy an apartment due to the sharp rise in interest rates is not only noticeable among brokers and construction companies. Notaries also seal fewer contracts than before the war-related price increases. A notary from Waiblingen reports on a few appointments for certifications that were … Read more

34 Percent Drop in Mortgages Recorded in May in the Balearic Islands

34 Percent Drop in Mortgages Recorded in May in the Balearic Islands

In the past the month of May were 34 percent in the Balearic Islands fewer mortgages for the purchase of home recorded as another year before. This is evident from figures obtained by the Spanish Statistics Office INE published on Thursday and referred to by the MM sister publication “Ultima Hora” on Friday. Accordingly, the … Read more

The Increasing Demand for Energy-Efficient Refurbishment Loans

The Increasing Demand for Energy-Efficient Refurbishment Loans

thermal image The demand for loans for the energy-efficient refurbishment of residential properties is increasing. (Photo: imago/Marius Schwarz) Düsseldorf The heating law has not yet been passed in the Bundestag. However, many house and apartment owners have apparently long been concerned with the question of how to make their property future-proof in terms of energy … Read more

The Increasing Demand for Loans for Energy-Efficient Refurbishment: Financing Options and Recommendations

The Increasing Demand for Loans for Energy-Efficient Refurbishment: Financing Options and Recommendations

thermal image The demand for loans for the energy-efficient refurbishment of residential properties is increasing. (Photo: imago/Marius Schwarz) Düsseldorf The heating law has not yet been passed in the Bundestag. However, many house and apartment owners have apparently long been concerned with the question of how to make their property future-proof in terms of energy … Read more

Top Property Interests and Bank Loan Challenges for Latvian Residents

Top Property Interests and Bank Loan Challenges for Latvian Residents

What we can afford is often very different from what we want to buy. Especially when it comes to real estate. The purchasing power of Latvian residents “on paper” is not the best, so sometimes, when driving past a village of more exclusive private houses, you just have to guess what the residents of these … Read more

The Decline of the German Commercial Real Estate Market: Banks Brace for Default Risks

The Decline of the German Commercial Real Estate Market: Banks Brace for Default Risks

Clearance sale on Frankfurt’s Zeil: Retail properties are being valued with increasing caution. Image: Anton Vester Since business with office real estate has declined significantly. Interested parties are waiting for price corrections that sellers do not yet want to accept. Dhat the German real estate market is in the doldrums may have been known for … Read more

China Extends Financial Policies to Support Real Estate Market Stability

xinhuanet At 11:50 on July 11th follow Summary: The People’s Bank of China and the State Administration of Financial Supervision issued a notice on the 10th to adjust the two previously announced financial policies to support the stable and healthy development of the real estate market, and extend the applicable period to December 31, 2024. … Read more

The Rising Costs of Vacation Homes for Renovation and the Most Expensive Areas: A Market Analysis

The Rising Costs of Vacation Homes for Renovation and the Most Expensive Areas: A Market Analysis

On the one hand, there was a significant decrease in purchases aimed at investors, and on the other hand, it became clear that the majority did not want to bother with long and expensive renovations, but at the same time it is still not possible to buy a holiday home in good condition that does … Read more