Real Estate | Opinion
The European Commission has not prohibited termination restrictions for fixed-rate mortgage loans. That's a good thing because these loans are the basis for the stability of the German property market.
Guest Commentary by Jürgen F. Kelber, Conwert
Jurgen Kelber-133x150 in funding: Not shaking at the broker base for sale to the market
Jürgen F. Kelber, Conwert
German banks have to retain the possibility to demand compensation from their clients if they pay off a fixed rate real estate loans early. This is good for the German property market and ensures its much vaunted Stability: According to a study by the Center for European Economic Development, the German real estate market have been spared main reason of the impact of the crisis, because the proportion of fixed-rate real estate loans in Germany significantly by 85 percent over the European average.
