Repayment rate for real estate financing falls

Today, Europace published the quarterly figures for private real estate financing for the first quarter of 2023. Almost 40% of all private real estate loans have an agreed initial repayment rate of just 1%. In view of the current high property prices, this is very low and significantly extends the repayment period. Due to the current high interest rates, a large proportion of the monthly loan installment is spent on interest costs. This is the main reason why private households are currently finding it very difficult on the real estate market. Compared to the previous quarter and previous year: 38.5% in Q1 202331.2% in Q4 20226.2% in Q1 2022