The house may be cheaper, but the loan more expensive – economy

The real estate market is currently giving little hope to private buyers: although prices are tending to fall, interest rates are high. Happy if you need as little money from the bank as possible.

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Stephen Radomsky

It doesn’t matter if it’s a bit more expensive – the money doesn’t cost anything. In recent years, many people have secretly calculated something like this or something similar when they bought a house or an apartment. Interest rates were bobbing around somewhere below one percent and the banks were lending in 2021 alone Record sum of 284 billion euros for construction financing.

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