Is now the right time to buy a property?

A decisive factor that interests many potential buyers is interest rates. We are currently seeing a slight decline, which means that interest rates are often below 4%. This has a direct impact on monthly installments. For example, a loan of €400,000 could save you more than €200 a month if your interest rate is 3.5% instead of 4.2%.

However, in order to get the best offer for your individual situation, a thorough comparison of interest rates is essential. This can be done by talking to your bank and a financing broker. We will be happy to put you in touch with our colleagues at Von Poll Finance, who will get back to you within a few days and have access to banks throughout Germany.

Another important aspect is equity. The more equity you can contribute, the better interest rates you will usually be offered.

A look at the real estate market shows that prices are unlikely to fall any further, but rather rise. This means that buying a property now could be a wise long-term investment.

All in all, it can be said that it is currently not a bad time to buy a property. Stable prices combined with falling interest rates offer good conditions for potential buyers. However, it is advisable to carefully examine the individual situation and, if necessary, seek professional advice in order to make the best possible decision.

The team at Von Poll Immobilien Siegen will be happy to assist you and look forward to helping you find your new home!