For professional real estate agents, marketing begins with the right time to sell. Did you buy a property a few years ago? No matter whether you bought a condominium or a single-family house at that time. Today, you often get double the price. Of course, it all depends on the condition and location. Overall, real estate prices in Germany are at record levels. In the metropolitan regions anyway, but also in the surrounding areas of the big cities as well as in medium-sized, especially the so-called swarm cities, prices are higher than ever before in Germany. Berlin and Düsseldorf are two of the most interesting cities in Germany for property sellers.
As real estate agents we know - there are essentially two reasons for the enormous price development in the real estate market. On the one hand, there is the strong demand for living space, especially fueled by growing populations or migration to the metropolitan areas, and on the other hand, there is the current historically low interest rates. Which again have the consequence that the enormous price increase of the real estates for the buyers is cushioned.
In Berlin and Düsseldorf, for example, both new buildings and existing properties are currently extremely sought after. But no longer only in the conurbations and their suburbs. As a result of rising rents, but above all due to the shortage and the associated problems of finding adequate living space, more and more city dwellers are being attracted to the surrounding area. Here, prices have been affordable until now, but here too, prices are rising sharply due to the demand that has arisen. Ultimately, it is also worthwhile here to have the individual circumstances evaluated by a real estate expert.
The building interest rates are currently, as described above, at a historically low level. How long will this trend continue? This is where expert opinions differ. Some take the position that the real estate market in Germany in conurbations already meets criteria that speak for a real estate bubble. Following this logic, interest rates would then also have to be lowered to prevent the market from overheating further.
The opposite and more frequently held position, however, is that interest rates must be kept low in order to avoid fueling a new crisis by making the financing of national budgets, especially in the countries of Southern Europe, more expensive again.