The current economic situation is causing uncertainty among many prospective buyers. Rising living costs, higher interest rates and stricter lending guidelines are making the dream of owning a home more difficult. Nevertheless, demand for real estate remains high - as shown by the continued high level of activity on online platforms and the large number of search queries.
One key problem is the limited supply. Many owners are holding on to their properties in uncertain times, while new construction has almost come to a standstill due to high costs. At the same time, banks are now scrutinizing financing more closely and demanding higher equity ratios - usually at least 20 percent of the purchase price plus ancillary costs.
Despite these hurdles, buying a property remains one of the safest forms of investment in the long term. Prices are already on the rise again and rents are also continuing to increase. This means that those who wait today risk higher costs in the future. Experts therefore clearly recommend taking the plunge into home ownership now - provided you have sufficient equity and a solid financial basis.
However, it is important to make a realistic and generous calculation, especially for older existing properties, where additional renovation and modernization costs are often incurred. Buyers should also look for long-term fixed interest rates to protect themselves against future interest rate fluctuations.
The market in Landshut and the surrounding area remains attractive. The region offers economic stability, a high quality of life and constant demand for housing. Those who act now can not only protect themselves against rising rents, but also build up assets in the long term.
In summary: The ideal time to buy real estate is no longer in the distant future, but now. Those who have the necessary funds and rely on professional advice will also be successful in these times.
I, Patryk Kelm from Von Poll Immobilien in Landshut, will be happy to answer any questions or provide support at any time
