Construction costs are currently skyrocketing

Well, but there has also been an increase in the value of real estate in the new construction sector (A,B) since 2018 of over 50%. That more than compensates for it.

Well, but there has also been a value increase of real estate in the new construction sector (A,B) since 2018 by over 50%. That more than compensates for it.

I see it differently… that is a pure book profit. Looks good, but doesn’t bring anything at all…

Well, but there has also been an increase in value of real estate in the new construction sector (A, B) by over 50% since 2018. That more than compensates for it.

The question is, who benefits from this and can it really be realized? The increase is mainly beneficial for people who have already owned their property for a longer time. Those who only started building in 2021 have completely different figures. And now selling at new construction price +X% will also be difficult. Every potential buyer has to manage the interest rate first, and those who can afford it currently have good opportunities to build new themselves right away.

I see it differently... that's purely a paper profit. Looks good, but doesn't bring anything at all...

It's basically no different with stocks, precious metals, or savings bonds. With 8% inflation, I'm currently happier with 3% interest and a newly built, energy-efficient house.

Savings bonds, etc. are tradable at any time, real estate not necessarily. Besides... if I were to sell now, what would I do with the money? 4% to 8%! But that's not the topic here either, rather quite off-topic ;)

Do you still remember when roof tiles were hardly available last year? Now the warehouses are so full that the manufacturers have to shut down:

“All six roof tile factories are at a standstill, we shut down the last one at the end of July,” said a spokeswoman for the Swabian manufacturer Creaton.

The Austrian Wienerberger, the only large company in the medium-sized sector, has temporarily closed eight of its seventeen building material factories in Germany and applied for short-time work for 500 employees, according to its own information.

“We are currently experiencing a standstill that we did not consider possible a year ago,” writes managing director Jürgen Habenbacher. BMI, the parent company of the Oberursel Braas Group, speaks of “occasional short-time work” upon request; however, they are trying to use the summer to maintain the tunnel kilns, said a spokeswoman.