Germany's mortgage benefits hit 17-year high

The cost of mortgage loans in Germany has risen to its highest level since 2009, with the average interest rate on ten-year loans reaching around 4.5%. This increase is influenced by rising inflation and higher international interest rates due to Iran's war, as well as the European Central Bank's hike in interest rates. Consequently, monthly installments have increased by approximately 200 euros, causing some buyers to hesitate. This occurs during a period when property prices are relatively declining due to the higher interest rates, which could put pressure on the German real estate market, despite some sellers continuing to list at high prices based on levels from 2021 and 2022.

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