We saw it over the summer that the demand for new construction loans is clearly declining. Currently, construction interest rates are climbing towards 4.5 percent - and that has consequences, says Carsten Brzeski from ING Bank: "We saw it over the summer that the demand for new construction loans is clearly declining." Incentives need to be offered, because otherwise, due to high construction and interest costs, no one will do it voluntarily. Due to the lack of alternatives, there needs to be a strong interest in modernizing this stock in a climate-friendly way, says Carsten Brzeski from ING Bank: "Incentives need to be offered, because otherwise, due to high construction and interest costs, no one will do it voluntarily." #Immobilienpreise #Baukredite #Wohnraum (translated)
