The loan volume is currently increasing. (Photo: Freepik, Airconpk)
Berlin/Munich/Lübeck-Mega investments are planning SPD and Union-that moved the interest market, raised yields. How do the construction interest are developing now? Finally, the level leveled off, but the times are unsure. This is what experts say about interest development.
The interest for 10-year building loans has been moving sideways for 1 month: So reports interhyp.de an average rate of 3.38 percent (effective annual interest). At drklein.de the best interest rate is currently 3.08 percent, as well as check24.de. (As of: 10 a.m.).
More loan volume in January – real estate prices rise
Lending for residential properties in January 2025: 19.7 billion euros mean loudly Barkow Consulting A maximum of the turning point. The loan volume was 17 billion euros in December, 35 percent increased compared to the same month in the previous year.
At the same time, the construction prices attract again: the 4th quarter climbed Real estate price index of the Association of German Pfandbriefbanken (VDP) by 1.8 percent compared to the previous year. Above all, the price increase for residential real estate with a plus 2.1 percent contributed to the total upswing.
Refurbishment needs for apartments – some hope in the new building
The market for residential real estate has gained driving – however: the energy efficiency of the objects offered has dropped in 2024, which has Immowelt.de determined. 37 percent had efficiency class F and worse, 4 years ago it was only 28 percent. There are further costs here.
However, no trend reversal in construction: 215,900 new apartments have approved the offices in 2024 – The lowest stood since 2010. After all, the decline was less than 2023, continued in the 2nd half of the year (minus 12.5 percent). The numbers rose in November and December.
Forecast of the Interyps banking panel-geopolitical uncertainties
In spring it sees Panel the financing consultant Interhyp The majority of the construction interest for 10-year loans in a range of between 3 and 3.5 percent. 70 percent of experts expect a slight increase by the end of the year – according to the forecast, the corridor is 3.5 to 4 percent.
Ukraine, USA, Trump – to many uncertainties Florian Pfaffinger, member of the Expert Council of Dr. Small. In the coming weeks, he also expects a corridor of 3 to 3.5 percent in construction interest. In this context, fluctuations are possible due to the tense situation.
Investment package drives returns – what helps on the real estate market
While the Interest rate the European Central Bank was priced in last Thursday, the announced debt package from Schwarz-Rot moved the market directly: the return of the 10-year-old federal bondsReference of the construction interest, this week rose from about 2.5 to over 2.8 percent.
“To relax the real estate market, only helps new construction,” emphasizes Interhyp expert Mirjam Mohr. It is now asking the Union and SPD to implement its announcements for election. The construction costs are also too high. It therefore calls for allowances for real estate transfer tax.