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In this house in Berlin-Charlottenburg on the top floor is the apartment that our author went to foreclosure. Tristan Filges
On Wednesday, July 19, around 70 people crowded in front of room 120 in the district court of Charlottenburg, all of whom have one thing in common: They are after the apartment that is to be auctioned off and are hoping for a bargain.
Background: The real estate market is currently experiencing a roller coaster ride. Within a few months, interest rates rose to unprecedented heights. At the same time, many property owners are concerned about renovations as a result of the energy transition. The result: the demand for houses and apartments has collapsed.