PankowPlant
2025-08-06 10:46:52
- #1
I myself am active here in Berlin and the surrounding area and would advise you as follows:
1. You should definitely look for and buy a plot of land free of developers now. The timing could not be better. The supply is large, but due to the immensely increased financing and construction costs, the demand for plots of land has collapsed, and prices have therefore fallen significantly over the past two years. The standard land value should not have to be exceeded; depending on the offer, you can even negotiate the price down by 10-15%.
2. After purchasing land, look for a small general contractor-masonry builder from Brandenburg. They all currently have available capacities and are happy about any building interest. The prices currently offered to me by several companies amount to €2300 ready to move in with completely free floor plan design. That means without floors, painting work, and patterning (shading is expensive...). Including additional construction costs, you can easily get by with €500,000 for 160 sqm. Brale and Rostow are significantly more expensive, Town & Country as well, plus inflexible.
Where would you preferably like to go? Does Pankow mean the district or the neighborhood?
Thank you very much, no, it rather means Pankow as a neighborhood, so Pankow, Ndsh, Rth, Wilh., and possibly Franz. Buchholz. I know that is very limited, but we are in the comfortable position of not having to move at all costs from a 100 sqm apartment.
Apart from the quite impressive figures, I am asking myself a question here:
How will land prices probably develop?
I would assume that those around Berlin will still rise in the next 10-15 years, and stronger than inflation. That would speak to me in favor of buying the land now (as long as there is no building obligation). And if the house is only built in two or three years, that would not be bad.
Especially with the rental prices. If you were somewhere out in the province right now paying a few hundred euros rent, that would be different. But like this?
250k equity. Monthly savings rate of at least €3500 with €1500 rent warm currently. Salary increases very likely. That sounds very solid to me now.
Thanks for your assessment.
To give a small update (maybe it is also relevant in view of the salary discussions). With the salary parameters (see above) and an equity ratio of 180k, we went to a consultation at Dr. Klein.
They could offer us the following.
Nominal: 3.68% / Effective interest rate: 3.76% on a loan amount of 600k and an interest lock-in period of 10 years.
The civil servant probationary status was no issue, as was the fixed-term contract.
We could still receive about 150k in equity from our parents, but we only want to fall back on this in case of extreme emergency. After all, it is their hard-saved money. Perhaps we will start another inquiry with our (almost) entire equity and then see what conditions are offered.
How do you assess the conditions?