Construction costs are currently skyrocketing

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.

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

That's exactly how I feel right now. It actually depends on how much wages increase. Construction costs are, of course, a completely different matter. I will probably never get the interest rate again, but the land was extremely expensive. Currently, the city cannot sell the remaining plots, and will probably have to lower the price. We have a BRW of 920 €/sqm.

I feel exactly the same right now. Now it really depends on how much wages increase. Construction costs are, of course, a completely different matter. I will probably never get the interest rate again, but the land was extremely expensive. Currently, the city cannot sell the remaining plots, it will probably have to lower the price. We have an BRW of 920 €/sqm.

Well - with that standard land value, it's hopeless anyway :D

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?

We closed somewhere during the increase, and I already see us as winners simply because we somehow managed to carry the thing through at all. So loan closed, construction contract, bricks are up, windows are installed, and the heat pump is already in stock at the builder. That is quite the jackpot these days if you are into owning a home. :)
We finalized the financing at a time when a one-week difference in signing meant several hundred euros in interest per month. Those were wild times; you couldn’t think for long.