Following two interest rate rises this year, we believe – from our perspective as property developers – that it is the right course of action to leave key interest rates unchanged for the time being.

“Following two interest rate rises this year, we, as property developers, believe it is the right course of action to leave key interest rates unchanged for the time being. This gives the property sector at least a brief respite. A more stable interest rate environment improves the reliability of calculations regarding the total investment costs of a property development and, at the same time, creates a more reliable basis for return requirements, purchase price factors and exit proceeds in transactions with institutional investors.”