Economy

Have you been considering buying a property in Germany but been put off by the high mortgage interest rates? Peter Kleinwächter from Your German Mortgage looks at key market trends to consider whether interest rates are likely to go down next year, making buying a house more affordable. Many young families are under considerable pressure when it comes to housing.

Rising interest rates are putting would-be home purchasers in a tight position. But with the market stabilising somewhat, and rental prices still sky-high, it might now be a case of simply biting the bullet and securing a mortgage. Peter Kleinwӓchter from Your German Mortgage explains what’s behind the recent hike in mortgage interest rates, and explores what options are open to buyers.

Construction interest rates are still low, and this is a welcome development not only to potential buyers but also to owners – and not just when the term of their loan is about to end. Well-chosen follow-on financing means financial security. When it comes to arranging for their follow-on financing, the willingness of property owners is relatively high – not every financial topic is so self-evident for consumers.

About us

Your German Mortgage is not only a mortgage broker - we are trusted advisors from MLP, Germany's leading independent financial consulting company based in Berlin. We have more than 25 years of experience in financing property, and we are the first consultants to offer an online mortgage service for expats in Germany.

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