Frankfurt / Main (dpa / tmn) - Consumers do not have to expect rising interest rates for the time being. According to the plans of the European Central Bank (ECB), the key interest rates will initially remain at zero percent. Real estate buyers will be happy because financing will probably not become more expensive for the time being.
If you already have a property in view, you should rather take care of the appropriate financing sooner or later, says Max Herbst from the independent FMH financial consultancy in Frankfurt am Main. The reason: The low interest rate level has an impact on property prices.
Mr. Herbst, interest rates are still low. So is it a good time to buy?
Max Herbst: Yes, no question. The FMH index for a real estate loan with a term of ten years is currently 0.81 percent. That is fantastic interest. What more do you want? Not much is happening there at the moment. And whether the interest costs 0.8 percent or 0.7 percent on average is not a purchase decision in the end.
Experts have forecast negative interest rates for this year. Do they already exist?
Autumn: There is not yet a wide range. Last September, we had an interest rate of 0.02 percent for a brief moment with a provider. But that was for a full mortgage loan for ten years, and the loan was only 50 percent - that is, for a special construction. Now you have to say that at the time the federal bonds were also on the floor. It's different now.
However, if you include certain loans from the KfW development bank in your financing, in certain cases you can certainly bring the total burden into the negative range. The decisive factor here is the high repayment subsidy of up to 48,000 euros from KfW.
Your advice: buy now or prefer to wait?
Autumn: Better to buy. Waiting probably doesn't pay off. As I said: Not much is happening with interest rates. But real estate prices continue to rise. If you wait a few weeks in the hope of better interest rates, you won't save much in the end. But still you shouldn't rush to sign a sales contract.