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Because there was little demand from potential patrons. The German mortgage market was incredibly weak and banks required debtors to plunk down large down funds. Few Germans had enough cash.
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And no house—not even that completely cute bungalow on the nook with the fenced-in backyard—is worth jumping into earlier than you’re prepared. However, the scheme, which offers buyers loans price as much as 20% of the market value of an eligible new-construct property – and 40% in London – with zero curiosity for 5 years, is not means tested. About 38% of all new-build property sales have been supported by the loans, … Read More
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