Buy apartment, then buy/exchange house - tips

But to ask stupidly... the condominium costs 480k€, a loan amount of 400k€ with an income of 5300€ net is certainly in relation. Now you say the land alone costs 250k€. On that a single-family house, I think we are at a total budget well beyond 600k€. And with that it becomes sporty, especially if there are children, to be able to financially manage this house at all. And that completely independent of the possible purchase of the condominium (resulting "losses" would come as an additional burden). It is seriously necessary to ask whether the dream house is generally realistic with your income. Maybe you will find your answer from this.

however, I would wait until the additional new development areas (2 new ones are coming) are developed

Thank you very much for the many responses; the opinions are, as I expected, divided in all directions.

For your information, I have a plan to get more points in future points procedures (in other words, a higher chance for a plot of land than last time). Additionally, a condo with more than 3 rooms gives -1 point. Children (no matter how many) give +1.

What do you think of the following alternative:
Buying a used 3-room condo (price would be around 200k-240k), which we could pay off in 3-5 years. This would not affect the points procedure. Afterwards, temporarily living here, having children, speculating on the next plots of land, and meanwhile sprucing up or beautifying the condo with our own work.

Theoretically, we would then have the option to rent out or sell the property if we find a plot of land.

Is the bank’s loan collateral sufficiently covered by the condo, or will they probably not grant a loan without equity (except for incidental construction costs)?

Regards

Simon