Construction costs are currently skyrocketing

The experiences with shrinking cities show that vacancies first occur in apartment buildings (Platte), single-family houses do not stand empty, on the contrary, construction continues there. The single-family house becomes a privilege for high earners and heirs.

Single-family houses are not vacant,

That is true in the urban catchment area, but further away from the city there are quite a few old vacant dilapidated houses that no one wants to renovate anymore.

The other way around: You should plan your projects in such a way that you can start such things without any problems.
With our current financing, we have a 7% annuity. You can forget about that if you want to treat yourself to 180m² with a wellness area for 2 people...

So 7% annuity is probably unrealistic for most people. Even with a simple standard, you hardly get under half a million tutto completto nowadays, with 20% equity that leaves 400k of external capital. At 7%, that is 28k per year or 2300€ per month

That’s true in the urban catchment area, but further from the city there are quite a few old, vacant, dilapidated houses that no one wants to renovate anymore.

It all depends on the area and the price. In any case, I didn’t want to pay 400k for a renovation case in the countryside...

... However, if you can no longer "afford" a simple house with an average salary due to the high construction and land prices, then 7% annuity won't work either - no matter how high the interest or repayment are in that case. ...

let's remind ourselves what the average salaries in DE are like: Average monthly earnings full-time (gross) €3,975 Average monthly earnings of men full-time (gross) €4,146 Average monthly earnings of women full-time (gross) €3,578 (Source: statista) In the current situation, it won't work out for a single earner to own property, neither a flat nor a single-family house. If both work and have no children, maybe it will. MEA are written here by an above-average number of people who earn above average. So privileged ;)

That is true in the urban catchment area, but further away from the city there are quite a few old vacant dilapidated houses that no one wants to renovate anymore.

However, they are only empty because of the quality of the properties. Or the poor location.

They are also only vacant because of the quality of the properties. Or the poor location.

Due to a lack of attractive jobs. If the jobs are right, everything will be taken. This will now be experienced in and around Magdeburg.