Experts expect 2010 with rising interest the development of the lease is very important for all developers, especially when it comes to long-term loans and pending a more funding in the future. When looking more closely at interest rate developments of the last five years, then you can see 2007/2008 a more or less sharply rising interest rate curve in the year. But then, with the onset of the financial crisis, the interest rate of the European Central Bank has been steadily reduced, and thus ultimately building interest rates fell. Call in recent months, the lease has fallen steadily and are currently at a level, which many experts considered historically low”. The historical low in the development of the lease can be explained very simply from the fact that the economic situation not only in Germany, but also in almost all European countries was very promising in the years between 2005 and 2008. They had brought the last financial crisis, and eventually also the crisis of the so-called new market behind and as the economy again had recovered, the European Central Bank (ECB) interest rates decided slightly and raise the piece by piece. At the time as the interest rates again on the way up were, it came to the real estate and financial crisis of 2008/2009, and it was again triggered a severe recession. Now it had quickly acted and did the European Central Bank.
She further lowered interest rates and which showed successes, because the entire economy attracted to the fourth quarter of 2009 again very clearly. However, one can assume that the European Central Bank 2010 again will change its interest rate policy with security, which depends also on the respective economic situation. Experts and market observers expect there to increase the key interest rates in the near future, and in this context there will be then again higher lease. Construction financing customers should leave but due to fluctuations do not worry. If also the interest for the construction financing are low at the moment, you can with a real mix of different Maturity benefit is still of very cheap, short interest commitments. Financing there are useful tips to the new building. Adam Botschek