The French property market is experiencing a slowdown, making it increasingly challenging for individuals looking to buy or sell their homes. The market's dynamic nature is stalling, causing a decline in property transactions. Simultaneously, inflation is affecting the purchasing power of potential buyers, making it harder for them to afford homes at current market prices. Moreover, the mortgage rates are gradually increasing, which could create further obstacles for people planning to invest in property. The high-interest rates will make home loans more expensive, reducing the number of buyers and increasing
Are you looking to buy or sell a property in France? Now is the time to act! The 2022 real estate market in France is showing no signs of slowing down, with transaction volume forecasted to hit a historic high of 1.1 million sales by year-end. Despite some concerns about the rate of sale cancellations, which are typically between 2% and 3%, experts predict that the market will remain strong throughout the year, with the likelihood of falling below one million transactions being very slim. This means that you can
Fitch Ratings predicts a change in the European housing market in 2023, with home prices expected to either fall or experience low-single digit growth. The countries expected to be most affected are those that have seen the strongest price growth in recent years. Rising mortgage rates and inflation are eroding affordability and demand, leading to the slowdown or reversal in price growth. Late-stage arrears are also expected to increase in the latter half of 2023, although healthy labor markets and responsible underwriting practices will keep them from rising significantly. Denmark
Denmark's housing prices vary from budget-friendly to luxurious, but securing a unit can be challenging due to high demand and unfavorable regulations for non-citizens. Expect yearly price increases of 2-12%. A two-bedroom family house costs on average 2,656,115 DKK, or about 18,910 DKK per square meter. Owner-occupied flats are about 38,145 DKK per square meter. The housing market is competitive due to low requirements and accessible loans. Denmark's local housing market presents a challenge for those seeking to purchase a home. Despite the high prices of homes and apartments in
According to the Gewos Institute for Urban, Regional, and Housing Research, the German real estate market's growth phase that lasted for over a decade might be reaching its end. The Institute forecasts that in 2022, the sales of apartments, houses, commercial properties, and land in Germany could decline by 7% (equivalent to €313.5 billion), and the number of transactions will drop below 900,000. Particularly, a reduction in the residential real estate sector is anticipated, which accounts for nearly 80% of all real estate-related transactions in Germany and is expected to
The well-known saying "What goes up must come down" has been proven true in Germany's real estate market in recent times. For a long time, it seemed like prices would continue to escalate and demand would remain high, but that all changed in 2022. The invasion of Ukraine by Russia and the resulting energy crisis led to inflation reaching new heights, leading the European Central Bank to take action. In an effort to control inflation, the ECB ended their low interest rate policy and surprisingly raised rates to a higher