After years of stable low interest rates, they have been on the move in recent months and have unsettled many borrowers. In its current interest rate forecast, UBS writes of a real upward and downward trend.

The Federal Office of Housing (Bundesamt für Wohnungswesen BWO) publishes a report on the housing market four times a year. In its current report on the third quarter of 2022, the Federal Office states that the housing market is facing a turning point. However, the rise in property prices should continue at a slower pace for the time being due to the lack of supply, despite the rise in interest rates.

Time and again, architectural gigaprojects, especially from the Arab world, surprise us with new ideas. Recently Saudi Arabia shocked the architectural community with its futuristic or even surreal plan for a 500-meter-tall and 170 kilometers long linear city named The Line and the architecture firm ZNera Space has recently proposed a giant ring-like structure to encircle Dubai’s Burj Khalifa.