The real estate market is dying
Due to rising costs and a turnaround in interest rate policy, the dream of owning a home is shattered for many.
It should be a formality. The purchase price of over 750,000 euros for the 80 square meter apartment in Frankfurt-Sachsenhausen had already been agreed, but: “Suddenly the buyer got cold feet and refused to sign,” says David Schmitt, Managing Director of Engel & Völkers in Frankfurt. “Of course there was a lot of excitement, but the situation mightn’t be saved.”
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