More demand than before the crisis: the real estate market has recovered from Corona already

the nationwide real estate agents Homeday speaks of a "clear, positive Trend": You've recorded in the past two weeks, on average, 20 percent more sightseeing

More demand than before the crisis: the real estate market has recovered from Corona already

the nationwide real estate agents Homeday speaks of a "clear, positive Trend": You've recorded in the past two weeks, on average, 20 percent more sightseeing requests, and even up to 38% more purchase requests than before the outbreak of the pandemic in Germany.

"demand for residential properties greater than before the crisis,"

the relevant Google search queries around the purchase of real estate would have achieved with a view on the past 12 months, a new record level. The collapse of demand as a result of the Corona-crisis is overcome "a long time". (Display)

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"For about three weeks, we will see that the buying interest is back to full-back and the demand for residential property is today even bigger than before the crisis," explains Homeday-managing Director Steffen Wicker.

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German looking for safety and a bargain

The experts cite three reasons for the positive development. For one, private capital would put investors in times of crisis more on real estate. In a consumer survey conducted by the market research Institute YouGov on behalf of Homeday 44 percent of the real estate to interested investors in April to now, in a property invest in, because they promise more security than shares.

another reason could be the hope of prospective buyers to a crisis conditional "bargains" in the real estate market, experts said. 39 percent of buyers expect according to the study, that the real estate prices due to the Corona pandemic will come under pressure. In addition, 37 percent expect a better Interest rate for your property loan in a consequence of the crisis.

sellers of real estate still skeptical

"A real fall in the price of real estate, neither we nor any other real-estate experts see but just. This is not to be expected from our point of view necessarily,“ said Wicker. "Everything stands and falls with the further course of the pandemic. With a reasonably lenient the further course, we expect stable to slightly declining prices for residential real estate in Germany.“ So you Finance your home, Our PDF guide shows you how to find cheap loans, pitfalls to bypass and get money from the state.To the PDF guide

For price stability, in comparison to the year-on-year reduction in the number of residential real estate contributes currently, in addition to the high demand, come to buy new on the market. Although this Trend is now positive again, however, the number of in a calendar week published advertisements in the sun in Germany is currently around 20 percent below the previous year's level.

note : the basis for the calculation is the evaluation of all the published offers to buy a private residential property in Germany, from more than 350 sources, including all the major real estate portals.

the development of the Google matches search queries around the real estate sale: you are in the evaluation has also found that more than 20 percent below the Corona level. "While the interest in the purchase of real estate is unbroken, outweighs many of the sellers seem to still skepticism of whether this is the right time," says Wicker.

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Updated Date: 25 May 2020, 06:26

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