Real estate market in Munich: rising prices and cheap buy windows

Real estate market in Munich: rising prices and cheap buy windows
Real estate market: Current increase in prices and why is the right time for buying a house
The real estate market in Germany also records high demand and rising prices in the second quarter. Although real estate prices have risen slightly compared to the previous quarter, there are still good reasons why it is now a good time for buying a house.
In the first quarter of 2024, the average purchase price of a property, including construction and purchase costs, was 456,000 euros. This means an increase of 1.6 percent compared to the previous quarter. Real estate prices have also increased significantly in the larger cities such as Berlin, Stuttgart, Munich and Frankfurt.
The increase affects all segments of the real estate market. Both existing properties that were built before 1990 and newer objects (year of construction after 2010) rose by 1.2 percent compared to the previous quarter. In the case of apartments, the price increase is even higher at 1.6 percent than for houses (+1 percent).
The stable prices and high demand make the current time a cheap window for buying property. The average interest rate binding and the initial repayment rate are also stable and show that affordability increases again. With the current interest and the still attractive real estate prices, the prerequisites for buying a property are extremely cheap.
experts therefore advise you to take the opportunity and now enter the real estate market. A gentle recovery of the real estate market can already be observed and the demand for real estate is expected to continue to increase. Nevertheless, you should not speculate for falling prices, but use the currently cheap windows.
The Interhyp Group, one of the leading actors in the area of private construction finance, supports this recommendation. With comprehensive expertise, your own construction financing platform and customer -oriented digital offers, the Interhyp Group is available as a trustworthy partner.
The real estate market is currently showing strong growth and there are good reasons to invest in the purchase of a property. Real estate prices are increasing continuously, interest rates are still low and there is a wide range of attractive properties. If you have been thinking about buying a property for a long time, then the right time is now.