In the first two months of this year, real estate loan commitments to private customers rose slightly again for the first time. Almost 14.7 billion euros of interest-linked private housing loans were granted in Germany in January.
The rapid rise in loan interest rates resulted in a collapse in the number of real estate loans taken out two years ago. The average APR climbed from 1.69 percent in March 2022 to 4.27 percent last November. Not only are the interest rates a little cheaper again, houses and apartments are no longer quite as expensive.