In fact the prices are higher and its even more difficult to find a decent apartment.
https://i.redd.it/gi57mfw766sg1.png
Posted by mfranz630
In fact the prices are higher and its even more difficult to find a decent apartment.
https://i.redd.it/gi57mfw766sg1.png
Posted by mfranz630
17 Comments
Houses for SALE can be online for a long time… but rentals are rarely empty unless they’re ridiculously overpriced.
„Houses listed for months slowly becoming cheaper“. Wow! Thanks Sumit for this great insight in markets…
This might be true in some weird, exceptional case. Otherwise, that is bullshit.
For buying/selling, the reality is that most people expect a negotiation, so a lower price suggests they’re narrowing their negotiation brackets rather than “things are getting cheaper”. Unless it’s extremely low, then it either suggests problems with property, problems with mortgage or owner wants liquidity.
The houses I have seen “get cheaper” are already overpriced dumps that would cost the same amount again to bring up to habitability.
I literally saw a house with an 80 year old heating system, 80 year old electrics, wet basement and single pane glass windows on the market. And they still wanted a shocking amount for a dump that you couldn’t even move into because you would have to gut it first.
Maybe selective perception. I recently read a headline, that House prises are rising for the first time in 3 years.
This is of course complete bullshit.
The particular case will probably be a newly built development outside of rent control, those are often offered at more than triple the price you pay for regular apartments at the normal market, hence they will struggle to find people who are desperate, stupid and rich enough at the same time to pay such high prices.
Housing prices went up again.
Some markets like cities where the demand can’t afford the supply, the supply gets a tiny bit cheaper. But everywhere else it’s still rising and likely keeps rising.
This is in an very expensive area. Maybe now there are enough flats for very rich people in Hamburg, so they needed to go a litte towards “I work for my money” at this special flat. Or maybe the owner expected somebody really living in Hamburg.
In Berlin, the flat on front of me, was around 4 months empty until it was finally rented. The cause might be that it cost 17 euros per square meter while I pay “just” 12 euros per square meter (contract started in 2019)….
It depends a lot where you are. When I was looking to buy a flat, I saw houses and flats drop in price somewhat, but those were very large flats and full on houses. Flats and apartments for singles or two people basically staid the same. So, yeah, something double the size I wanted and several hundred thousand € too expensive dropped by 20k or even 50k. That’s not even looking at whether those places would be worth the money, because a lot of houses are “fixer uppers” sold by boomers and many apartments are stupidly overpriced.
Othmarschen is barely Hamburg. Booooooring
yeah, lowering something that is empty for a long time?
yeah, that just means the asking price was insanely high.
This is the point where for SOME apartments, they will try lowering the rent.
basically they have gone higher and higher, unreasonably high, and now they’ve gone so high that no one wants it for that price.
don’t expect your rent to go lower of course, if you’re already living there, that’s not going to happen, and don’t expect prices to become reasonable any time soon.
If they did, it would be a complete shift, as that would mean lots of people would move, as an apartment on the market might be cheaper than where they live, and then the landlord can’t get someone else to pay the price so lowers it.
yeah nah, that’s a utopia, no one believes that’ll actually happen.
but sometimes we love believing in that ideal world, we can have dreams, right 😀
Ah yes, the old trick. Want to sell your car for 12k? Advertise it for 20k, reduce it to 14k instantly and everyone thinks it is a bargain.
well, i’d be thrilled if any landlord even as much as f+cking answered my mails…
The only way this could be true if the initial start was such a ridiculously overpriced demand that even after coming down no sane person would take it.
The prices on the platforms are not the final prices. My wife’s sister recently bought a 2 room apartment (62 m2, built in the early 2000s, typical middle class area) in a suburb of Frankfurt/Main. The initial price on the real estate platform was 420k€. There was a lot of interest over months, but nobody wanted to buy at that price with the current interest rates. So the price was dropped two times and in the end she got it for €310k.