Comment

Comment by ThePhysicist

The price for small houses (often in terrible condition) around Berlin hovers in the range of 700-1000 T€, so if you don't have a lot of capital it can be hard. Banks like to charge freelancers a premium on the interest rate (as they can supposedly lose their income anytime, which often is just an excuse to extract more money from them...) or outright refuse to give them a loan unless they can provide a guarantee (e.g. an existing house to take as collateral), so definitely not easy.

But things might finally turn around a bit with the interest rate hike and looming recession, if you have some capital you might be able to grab some good real estate soon, at least if you don't have to be square in the center of Berlin (which will definitely stay expensive).

Discussion

Live from the official Hacker News API

A modern reader for Hacker News · SvelteKit + Skeleton