Construction costs are currently skyrocketing

Out of personal interest, is it in the city where the new Silk Road ends and is the school named after the globe? ;)

No, but close ;-).
Neighboring city.

Yes, but maybe legislation has to be exactly like that. Beautifully naive. So that first, everyone understands it, and second, so that no one can avoid it. Assets are transferred? -> Gift tax. Assets are moved abroad -> foreign transfer tax. I’m clearly in favor of that!

It already exists! The keyword is “exit tax”.

Handelsblatt recently headlined "The mood is shifting: Developers stop projects due to high costs." I can't read the full article, but I already found the quote striking:

According to a study by the consulting firm PricewaterhouseCoopers (PwC), which Handelsblatt has exclusively, developers must expect prices to continue rising for at least the next two years. "We assume that construction prices for real estate will increase by more than 20 percent in the next two years," says Harald Heim, partner and real estate specialist at PwC.

I find this interesting because you hear elsewhere about falling real estate prices (due to high interest rates, etc.), but my thought was also that I simply don’t see that in the new construction sector as long as there are shortages of material and personnel.

Different topic: The interest rate swap (10-year bonds) has increased somewhat over the past two weeks. Significantly slower than the drastic rises in the first half of the year (in April or June). Slowly but surely in the "noticeable" range? A bit frustrating for me because our developer is currently stalling us further and the financing issue is also being delayed because of it q.q

Handelsblatt recently headlined "The mood is turning: Developers stop projects due to high costs." I can't read the full article, but I already found the quote shocking:


I find it interesting because in other places one reads about falling real estate prices (due to high interest rates, etc.), but my thought was that I just don't see that in the new construction sector as long as we have shortages of materials and personnel.

Different topic: In the last two weeks, the interest rate swap (10-year bonds) has risen somewhat. Much slower than the sharp increases in the first half of the year (in April or June). Slowly but surely in the "noticeable" range? A bit to my frustration, because our developer is currently stalling us further, and as a result, the financing topic is also being delayed q.q

We feel the same, sitting on pins and needles while the swap has just risen to 1.86%. Our general contractor is taking their time with the final price.

Brief update on the interest rates: I was offered 3.09% nominal over 30 years yesterday

Quick update on the interest rates: I was offered 3.09% nominal over 30 years yesterday

At what loan-to-value ratio? Which region?