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High interest rates on loans and inflation: Immobilienforum informs interested parties in Wolfratshausen

2022-12-01T17:56:07.155Z


High interest rates on loans and inflation: Immobilienforum informs interested parties in Wolfratshausen Created: 01/12/2022, 18:48 By: Peter Herrmann Financial expert Kurt Neuwirth (left) spoke about the turnaround in interest rates and times in the real estate industry. © Peter Herrmann Wolfratshausen – Around 120 interested parties gathered information at the 26th real estate forum organize


High interest rates on loans and inflation: Immobilienforum informs interested parties in Wolfratshausen

Created: 01/12/2022, 18:48

By: Peter Herrmann

Financial expert Kurt Neuwirth (left) spoke about the turnaround in interest rates and times in the real estate industry.

© Peter Herrmann

Wolfratshausen – Around 120 interested parties gathered information at the 26th real estate forum organized by Schneider & Prell Immobilientreuhand AG in the Loisachhalle.

Peter Schneider, managing director of Schneider&Prell and member of the expert committee in the district, initially reported on a "trend reversal" on the real estate market.

Accordingly, increased energy prices, construction costs and loan interest have caused demand to fall significantly.

In a recent study, the German Real Estate Association (IVD) found that prices for houses and condominiums fell in the third quarter of the year.

Nevertheless, buyers in the district currently have to dig deep into their pockets to fulfill their dream of owning their own four walls.

Helmut Lischewski, authorized signatory at Schneider & Prell, gave specific figures in his brief presentation.

The price per square meter for new apartments in Wolfratshausen and Bad Tölz is currently around 8,300 euros on average, in Geretsried it is around 7,400 euros.

For example, a proud 543,000 euros are requested for a 65 square meter two-room apartment in Bad Tölz.


Congestion in the rental market and price increases

Four-room penthouses in Wolfratshausen and Tölz achieve top values ​​for around 1.4 million euros.

"From 2018 to 2021, prices rose by 30 to 40 percent, since 2022 they have paused at a high level," Lischewski noted.

Because many people are reluctant to buy due to the currently high interest rates, the rental market is overloaded and prices in this sector are rising.

Kurt Neuwirth, Managing Director of Neuwirth Finance GmbH in Starnberg, then spoke of a "turnaround in interest rates and times in the real estate industry".

Despite the currently high inflation rate and rising producer prices, he was optimistic that interest rates would probably fall again next year and that the recession would only be temporary.

The financial expert is encouraged by the positive economic development in the USA, which could also lead to relaxation in Europe.

"You're doing yourself a disservice by investing in real estate now," he warned investors.

Only when interest rates fall are "government bonds of the best quality" and buying real estate recommended options again.


In the concluding panel discussion, Korbinian Krämmel, Managing Director of the Krämmel Group, reported on the currently "extremely volatile construction prices".

The completion of his large-scale project "OPUS.G" on Banater Straße in Geretsried, which was started in 2015 and has a total of 770 apartments, will not be delayed.

"Sales will start in early 2023," he announced.

Krämmel spoke of a psychology that is currently being spread in part by horror reports in the media and is inhibiting property developers.

"If you haven't started your project now, put it off," he remarked.


When asked by moderator Carl-Christian Eick, editor-in-chief of the Isar-Loisachboten, Peter Schneider acknowledged a significant drop in demand for real estate.

"We used to have 20 interested parties for a property, but now there are only four," he reveals.

Norbert Junius, managing director of the property management company of the same name in Geretsried, is struggling with the high energy and heating costs.

Owner companies shy away from expensive energy-related refurbishments of their buildings.

"A lot is currently being put on hold, we can only get it sorted out in small steps," regretted the Geretsrieder.

Source: merkur

All news articles on 2022-12-01

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