2024-02-16 23:02:00
High interest rates and the demanding lending guidelines make buying a property hardly possible for many people. Real estate agent Hans Maurer does not believe in a price decline.
Buying a property has become an expensive dream for many. “The biggest brake, apart from the higher interest rates, is still the lending guidelines,” says Bernhard Reikersdorfer from Remax and pleads: “They absolutely have to be adjusted quickly, the current regulations often present even high earners with insurmountable hurdles to be able to find themselves at a young age “The creation of home ownership during working time would be particularly important so that more freely disposable income is available in retirement and there is no risk of poverty in old age.” In Pongau, Remax managing director Hans Maurer does not expect any major declines in prices for used properties: “The prices for such properties are unlikely to fall any more. In this respect, this is a good time for buyers who have secured financing.” In general, the real estate expert predicts a smaller decline in demand for the coming year than last year. “We’re going into the new year with a positive feeling.”
In 2023, the real estate agency Remax was looking at a sharp decline in real estate sales of minus 13.6 percent, a trend that prevailed across the entire real estate market.
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