Construction costs are currently skyrocketing

I do wonder how narrow-minded one can be to plan with 1% repayment over a 10-year term??? Everyone should have been aware that the low-interest phase would eventually come to an end. Such financing models were never healthy from the start.

The Viebrockhaus houses are all around that range in size (+/- €30,000 and plus €30,000 for flooring/painting)

How are €30,000 for flooring and painting currently priced? Average, or overpriced?

Hmm crazy. I didn't remember the interest rates from 2014 being that low. I thought back then we were still just under 3%. I closed in 2015 and was well above 2%. But maybe I wasn't solvent enough for the best rates.

We closed at 2.8% for my son at the end of 2013. However, 100% financing.

I personally don't see any streets here where every house is then thrown at me for a bargain price...

Neither do I. If people sell, they still have to find a new place to live - namely rent a house/apartment. Rents are also shooting up now. It will probably “make more sense” to grit your teeth and pay a higher rate than to sell and pay 1000-1200€ (cold) rent for a 4-room apartment.

It will definitely "pay off more" to grit your teeth and pay a higher rate than to sell and pay 1000-1200€ (cold) rent for a 4-room apartment.

1,200€ cold for a 4-room apartment is already something you can only dream of today (at least in Hamburg, Munich, Berlin, Stuttgart, Cologne, etc.). Unless the 4 rooms are spread over 60m2.

I recently looked out of curiosity. Big city. Within a 5 km radius, the cheapest four-room apartment was around €800 cold, but it was small and one of the children's rooms was a walk-through room. The majority of the listed apartments were well over €1000 cold, many over €1500 cold. It went even higher. Some of the apartments were really nice, some quite large. But there was no such thing as cheap at all. I'm glad we took the step to buy back then. Our house is also small, but it's ours and we have a big garden, a parking space, etc.