Construction costs are currently skyrocketing

The majority of those who don't notice it are young and healthy and have hardly any increased risk because they are not in the hospital.

This hasn't been true in recent months either. It is also the case for many elderly people.

Can the topic "Corona" not be moved to another forum? Maybe to the "Schweine-im.Weltall-Forum, or something? I am reading here in the "Hausbau-Forum"! :rolleyes:

It's a pity that construction costs do not follow the usual pig cycle...

Development of the construction price index since 1995

However, this must also be seen in relation to wage development and the financial situation of home builders. Until the beginning of the year, it was the case that, considering the purchasing power development, you got more house for your money for over 20 years.

Were at our general contractor yesterday and, out of interest, asked what the base price of our house is now. Signed in February 2022 for €224k. Current price €264k. Almost 20%...

Our general contractor said that our house, if we signed now (instead of the end of 2020), would cost 450k instead of 350k.

Somehow, the usual dependencies between construction/purchase costs and loan interest rates simply don't fit right now. In 2001, we paid an interest rate of about 5% for the condominium over 10 years. That was easily affordable since the acquisition costs of the apartment were within a manageable range compared to the salary. Back then, for example, the property transfer tax in NRW was 3.5% (I believe). Now they're finally addressing that. For years, it was said: retirement provision through property ownership, then it was stocks, so what now? What can one still afford to save something for retirement?