Construction costs are currently skyrocketing

Well, the fact that everything is extremely tight can be seen in the panic caused by the building material price increases. A 10-15% price increase means, with today's amounts for a single-family house, that the last buffer in household income evaporates.

And one must never forget one thing amidst all this: there is a lot of money moving around out there. We are only at the beginning of the inheritor generation. There will always be parents and grandparents who have a considerable inheritance to leave behind. With that, quite a few single-family houses can still be built.

It was also briefly addressed yesterday evening on Hart aber Fair. Inheritances and the (especially tax-related) handling of them will be an important and major socio-political future issue with great explosive potential.

The inheritances also mean that many houses come onto the market that are not in prime locations or have a massive backlog of renovations. Or floor plans and window areas that are not in demand today.

But inheritances also mean that many houses come onto the market that are not located in prime locations or have massive renovation backlogs. Or floor plans and window areas that are not in demand today.

Due to the lack of available undeveloped land, they are still gladly taken and renovated.

Often also with the inherited cash assets.

Inheritances also mean that many houses come onto the market that are not located in prime locations or have a massive backlog of renovations. Or floor plans and window areas that are not in demand today.

Well, but it's enough if you can rent it out. Then mortgage it. We're doing that right now too.

My response referred to the impression that a large shower of money and real estate is raining down on all heirs. There is a huge stock of small properties located in areas that are not in demand. Not everyone has grandparents in Fischerhude or Starnberg. The housing market will continue to diverge. Premium locations and new buildings will become more expensive, but many existing properties will also lose value.