TmMike_2
2022-06-27 11:31:37
- #1
The end of the new building
As a title, it is nicely summarized in the FAZ, you can google it.
As a title, it is nicely summarized in the FAZ, you can google it.
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Someone else here had often named the KFW 124 loan as a benchmark for rising interest rates. It has just been lowered from (I think) 3.45% to 3.16%. I believe this is the first time in a long while that it has been noticeably reduced again. (Otherwise, I think it has been going up more or less week by week)
Does a private homebuilder still make use of this at all? My house bank would still offer me 15 years for under 3%. But well, maybe the loan-to-value ratio allows that as so far < 50% debt capital.
Anyone building today is really a poor sucker – who would have thought that could one day be a schizophrenic wordplay. :-D
Does a private builder even take advantage of this anymore? My house bank would still offer me under 3% for 15 years. But well, maybe the loan-to-value ratio still allows that since so far < 50% debt capital.
With us, the first preliminary inquiry (as of the day before yesterday) was around 3.4% for 10 years, for 15 years it was, I believe, around 3.7-3.8%. So yes, with 3.45% for 10 years it wasn’t really attractive, now with the reduction maybe an option again (depends on whether things also move downward elsewhere with the banks or not). But we also have a significantly higher loan-to-value ratio (~90%). Let’s see. We didn’t really search extensively, it was more about defining a framework with our data.