Is renting still an alternative to buying?

Rising interest rates have unsettled many prospective buyers, causing them to postpone purchasing real estate. Instead of committing to such a large investment as a property, they prefer renting. But is that a wise idea?

Property prices have fallen. Some real estate experts even emphasize that current asking prices are still too high and need to decrease. At the same time, prospective buyers are withdrawing from the purchase market and turning back to the rental market. This increases the pressure there. Rents continue to rise, although not uniformly across the country.

When the monthly rent is as high as the monthly mortgage payment, many prospective homeowners wonder if buying their own home wouldn't be a more sensible option. To make an informed decision, it's important to understand the current state of the rental market.

In our short video, we discuss current developments in the rental market and look at selected regions in Germany. If you would like to know more about the current rental market – especially in our region – please contact us! We always keep a close eye on the real estate market – both for rent and for buying. Therefore, we can provide you with expert advice on where renting or buying is worthwhile.

Do you need help finding a property – whether buying or renting? Contact us! We'd be happy to advise you.