The majority of homebuyers and those interested in real estate describe the prices as a deterrent (65 percent) and as disconnected from the true value (44 percent). In addition, 51 percent of those surveyed consider buying real estate in their region to be unaffordable or hardly affordable. This is the result of the Interhyp affordability study with 1,000 respondents. "Many of those surveyed have the feeling that prices are 'continuously increasing immeasurably'," says Jörg Utecht, CEO of the Interhyp Group.
The fact that the real estate buyers or prospective buyers surveyed cannot or can hardly afford to buy real estate is attributed, among other things, to the level of real estate prices in the region (49 percent). But the fact that purchase prices are perceived as too high in relation to income or assets (45 percent) also seems to play a role. 36 percent would therefore like to make compromises when buying a property, around 1/3 of those surveyed want to delay buying a property and around 7 percent of those surveyed have given up their dream of owning a property.
However, according to Interhyp, the study also shows that the assessments are often assumptions. 2/3 of the respondents do not know how high the actual financing costs would be for them and only four out of ten respondents (41 percent) have already calculated their borrowing costs. According to Jörg Utecht, those interested in real estate should do so and not be discouraged. For around ¼ of those surveyed, however, an inheritance, a gift or financial support from their parents is a prerequisite for buying a property.
Source and further information: interhyp.de
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