Rate forecast 2024: stability in mortgages!
The current stabilisation of key rates and confidence in plans is great news for those who dream of owning their own home. In January 2024, German inflation stood at 2.9 per cent, showing the effectiveness of the European Central Bank's measures.
Now, with mortgage rates falling to 3.28-3.69%, you can realise your dream of owning your own home. The outlook for 2024 is encouraging - rates are likely to remain stable or fluctuate between 3-4%.
These changes also mean changes in the sellers' market: stable rates raise property prices, giving you a lucrative selling opportunity.
? Key interest rate in the eurozone: 4.5%
? ECB decides not to raise the rate at its meeting on 25.01.2024
? Mortgage rates range from 3.28% to 3.69%
? Forecast for 2024: Stable or sideways movements in the 3-4% range
? German inflation in January 2024: 2.9%
? ECB strategy lowered inflation from 10.6% in October 2022 to 2.9% in January 2024.
Sign up for updates to follow the property market in Germany!