Increasing demand for living space: now is the time to buy!

Increasing demand for living space: now is the time to buy!

The demand for housing financing in Neunkirchen is increasing, as Sparkasse Neunkirchen has stated. The reason for this is the key interest rate cuts by the European Central Bank (ECB) and the stable real estate prices. The current financing requests concern both the purchase of houses and apartments as well as the implementation of renovation measures, reports meinkreis.at.

Manfred Kamper, Head of Private Housing at Sparkasse, sees the current time as particularly favorable for investing in homes. Construction costs have eased compared to peaks during the Covid-19 pandemic, prompting many families to venture back into the property market.

Challenges for private house builders

But despite this positive development, there are also challenges. Martin Weber, chairman of the board of the Neunkirchen housing cooperative, points out the high energy costs and complex legal regulations. The new EU building directive, which only allows “zero-emission houses” in new buildings from 2030, is putting additional pressure on the completion of construction.

Housing subsidies in all federal states have fallen sharply, which is leading to a decline in construction projects. Private house builders are finding it increasingly difficult. An example: For a 150 m² house, buyers have to expect costs of around 600,000 euros. Support from the family is often necessary in order to be able to manage such sums.

The size of the terraced houses on offer has also decreased, the typical sizes have shrunk from around 130 m² to 105 m² or in some cases even to 89 m².

Financing options and equity

Various factors are crucial for households considering financing. Loud finanztip.de Equity and the amount of the monthly payment should be taken into account. An equity share of at least 20 percent of the purchase price is advisable. For a purchase price of 300,000 euros, at least 60,000 euros of equity should be provided.

In addition to the purchase costs, additional costs, which make up around 10 percent of the purchase price, must also be taken into account when planning. The amount of the monthly installments therefore influences the selection of the property. In principle, the monthly rate should at least correspond to the previous basic rent in order to ensure financial flexibility.

The term of the loan also plays a crucial role. Longer terms allow for larger loan amounts, but the loan should be paid off in full by the time you reach retirement age.

Career opportunities at Google in Bogotá

The new job openings that Google announced in Bogotá, Colombia are a completely different topic. The company is looking for talented professionals in areas such as Google Cloud and digital advertising. Important qualifications include extensive experience, a good knowledge of English and a university degree, such as eltiempo.com reported.

The job offers focus on positions such as field sales representative for Google Cloud, cloud enterprise architect and account executive for consumer products. Applications are accepted in English via the official Google job portal.