Construction costs are currently skyrocketing

Existing houses - 20 years old and older - are as heavy as lead on the market here. At the same time, new rental properties (semi-detached house and granny flat) are selling like hotcakes at high prices.

With gas at 20 cents/kWh, it’s no wonder that no one wants houses with a consumption of 25,000 kWh and above anymore. Especially since there are probably old gas boilers inside that you are no longer allowed to simply replace and that currently can’t be obtained with a delivery time under 9 months.

At 20 cents/kWh gas, it's no wonder that nobody wants houses with a consumption of 25,000 kWh and up anymore.

Especially since there are probably old gas boilers inside that you are no longer allowed to simply replace now and currently can't get in less than 9 months delivery time anyway.

With the current selling prices, you are right. I think everything has a buyer, but for a fraction of what you would like.

A question for the group:
Can those who completed everything before the interest rate hike and are now in construction be the big winners or rather the losers?

In our area, existing houses - 20 years and older - sit like lead in the market.
At the same time, new rental properties (semi-detached houses and granny flats) are selling like hotcakes at high prices.

Same here. The terraced houses in the neighboring town are rented out very quickly, and the many new rental apartments have dropped from 20 listings to only 2 within the last two months. There seems to be high demand. Meanwhile, the condominiums priced at 4,500 per m2 have been on the market for about three-quarters of a year. Of the 30 apartments, almost half are still available, even though the buildings will be ready for occupancy in spring and are located in a very good inner-city location.

A question to the group:
Can those who completed everything before the interest rate increase and are now in the middle of construction be the big winners or rather the losers?

I think living in an energy-efficient new building, which was financed at record low interest rates, while we have double-digit inflation, is not a bad fate. Anyone who has built in the last 10 years has done everything right.

A question to the group:
Can those who completed everything before the interest rate increase and are now in construction be the big winners or rather the losers?

So far, I still feel like a winner - but only because my loan is between €500-1000 "cheaper" than it would be today. Regarding the amount of construction costs, I have definitely lost quite a bit :D I think you can't say for sure yet or only in a few years.