Construction costs are currently skyrocketing

ECB raises the key interest rate by 0.5 percentage points. That is more than the initially expected 0.25 percentage points. It is often said here that the interest rate hike is already anticipated and priced into the current rates. However, I fear that the additional 0.25 percentage points will give mortgage rates an additional, strong boost.

I don't want to be unfair, but the less competition I have for building materials, the better :-D We have a "price round" with the general contractor next week, I'm curious about the new total sum that awaits us. For the record: offer from the end of 2021, ready for occupancy = 510k. I will report when I know more.

Everything under 550k € would surprise me a lot.

Good news from the window front. Mine were delivered today and will be installed Monday/Tuesday next week. The measurement was shortly after Easter... but finally something is happening.