Construction costs are currently skyrocketing

Completely wrong.

Firstly, there were maybe a dozen accounts before, or rather more. For the end of 2022, I had predicted 4-6 percent. That was unimaginable for most here. At that time, most financings were still completed around 1,XX.

For the end of 2023, I had predicted 6-8 percent. At the latest by mid-2023, we would see a 6 before the comma.

There are already fixed-term deposits for 5% p.a.

Mid-2023 is already over. We were far from your forecast then.

Sorry, typo. It should of course be 2024 by then.

(...) For the end of 2023, I predicted 6-8 percent. By mid-2023 at the latest, we will see a 6 before the comma. (...)

And, if we put the bottle of schnapps aside... how wrong do you think you were with this forecast? Even if your 5% offers for fixed deposits existed, that would still be far from a 6 before the comma, and we are about as far from 8% as the Middle East is from a peaceful solution to all problems.

By the way, 5% is available for fixed deposits at Banca Sistema with a term of 10 years. That is an Italian bank... whoever entrusts their money irrevocably and fixed for 10 years in the current situation... I can't help them anymore.

It doesn't matter which bank for now, there is the 5 percent interest on deposits.

The money is insured up to 100k. If it's more, you have to take a look. You can also split it. And you can cancel anytime. Then the interest is just gone. And if I get 5 percent in the long term, I can also count on that for 10 years.

At an interest rate of 8 percent, the fixed deposit would bring me more than my rental property if I sold it and then invested the money.

It's only conditionally worthwhile in Germany. The state takes nearly 30 percent capital gains tax on interest income, even if I haven't had any interest income in recent years. By the way, this doesn't exist in Italy. There the interest remains in the account at first.

There I have control over what I declare to the tax office. In Germany, the bank deducts it immediately. Everyone is a potential tax evader there.

(...) At an interest rate of 8 percent, the fixed deposit would bring me more than my rental property if I were to sell it and then invest the money. (...)

Provided that no major upheavals occur in the Eurozone in the next 10 years. Otherwise, the deposit guarantee currently applies up to 100,000 EUR. And that would mean for most investors that all interest is lost, since hardly anyone thinks that 1 cent of interest on 100,000 EUR already exceeds the deposit guarantee and would therefore be void ;)

What happens to the money in the event of an Itexit and whether you would really still have a right to terminate. You can then sue for that in Italy in the end. They will certainly treat foreigners generously in the event of an Itexit, especially investors from Germany, I am convinced of that.

And we shouldn’t drift now into the world of would-have-could-should-might-must. 8% are not in sight and even 5% currently only over, measured against the rapid pace of the financial world, almost astronomically long periods. The last major crash was just 15 years ago, and you’re supposed to tie your money up for 10 years. Absurd.

Oh yes, for completeness’ sake. 5% annually on the balance? Or 5% annually on the principal amount? That makes a huge difference after 10 years.

Moreover, according to an expert at [Welt], the construction industry is currently in a phase of consolidation and price finding. In plain English: the huts, whether existing or new builds, are too expensive for the current interest rates… let’s see when the prices are settled :p