Construction costs are currently skyrocketing

In view of rising loan interest rates and expensive materials, property buyers and builders in the housing market currently have to bring significantly more money. Owner-occupiers still contributed an average of just over 111,000 euros of their own funds to the construction or purchase of a property in 2021; the amount increased by more than a quarter to just under 140,000 euros last year, according to new figures from the real estate financier Hüttig & Rompf. In the final quarter of 2022, the amount for the properties brokered by the company was almost 149,000 euros.

The equity share of the total costs for builders and buyers, which averaged 562,000 euros, rose from 20 percent in 2021 to almost 25 percent last year, according to Hüttig & Rompf. In the last quarter of 2022, it was already 28 percent. "This is necessary in order to even be granted financing by banks, which have significantly increased their requirements in recent months, under reasonable conditions." Many banks review loan applications more critically in view of rising interest rates and high inflation and have increased the flat rates for living expenses.

I honestly don't think it's a problem if there is now more thorough checking. Not everyone can and should afford any financing they want. In this context, banks take on the role of the spoilsport, having to protect some FOMO colleagues from themselves.

See the thread here recently, where someone with an income of 5 or 6k€ wanted to carry a 3k€ installment.

Current construction costs:

Remove old plaster, remove window sills, dispose of everything, 14 EUR / m2
Apply base plaster, apply top plaster, filling compound, filling, sanding, lime-cement Q3: 62 EUR / m2
Screed at least 5 cm:, incl. edge insulation strip: 41.7 EUR / m2
Floor insulation (old building), WLG 035, various heights due to cellar vault: 55 EUR / m2

I can quite imagine that due to the declining demand, a few products will become cheaper again in Q2... The manufacturers can't store unlimited materials after all

Construction interest rates will probably continue to rise or at least not decrease for the foreseeable future. New noticeable relief through subsidies from the state is also not to be expected. Wages will have to continue rising in the coming years due to inflation. So it remains up to the manufacturers to reduce their exorbitant material prices to a reasonable level. Where do you see changes in construction costs?

Construction interest rates will likely continue to rise or at least not decrease in the foreseeable future.
New noticeable relief through government subsidies is also not to be expected.
Wages will have to continue to rise in the coming years due to inflation.
So it remains only for manufacturers to bring their exorbitant material prices back to a reasonable level.
Where do you see changes in construction costs?

A new subsidy program for families is announced for the summer.

I see material availability positively. There has already been some progress.