R.Hotzenplotz
2016-10-25 22:01:50
- #1
Hi!
I am interested in a land offer that is being marketed as [Bauerwartungsland].
1206m² for €310,000 = €257 / m²
The standard land value in the immediately adjacent already developed area is €580 / m²
Since there is a chronic shortage of building land in Cologne, the city is under pressure accordingly, and the development of the area is concretely under discussion, I consider the risk that nothing will happen here to be manageable. But, if you are unlucky, it can also take 10 years.
For me, the question is whether you can roughly say what kind of discount compared to classic building land is normal here. I would like to assess the price attractiveness of the offer.
Best regards
Oliver
I am interested in a land offer that is being marketed as [Bauerwartungsland].
1206m² for €310,000 = €257 / m²
The standard land value in the immediately adjacent already developed area is €580 / m²
Since there is a chronic shortage of building land in Cologne, the city is under pressure accordingly, and the development of the area is concretely under discussion, I consider the risk that nothing will happen here to be manageable. But, if you are unlucky, it can also take 10 years.
For me, the question is whether you can roughly say what kind of discount compared to classic building land is normal here. I would like to assess the price attractiveness of the offer.
Best regards
Oliver