Construction costs are currently skyrocketing

So 7% annuity is unrealistic for the vast majority. Even with simple standard, you hardly come out under half a million all inclusive nowadays, with 20% equity that leaves 400k external capital. At 7% that’s 28k per year or €2300 per month

No. You can also buy/build much cheaper. But here in the forum you will find almost exclusively house wishes that go well beyond the standard 08/15 row house of the developer. Or that are built in Munich, Hamburg, etc.

Row houses, by the way also in simple standard – which is still significantly higher than in most rental apartments – are available from €300k all in.
But these are “only” 105 sqm living space on 198 sqm plot. But with happy residents.

but further away from the city

the radius is increasingly getting larger in times of home office

Due to a lack of attractive jobs. If the jobs are right, then everything goes away. This will now be seen in and around Magdeburg.

Yep, I arranged a larger financing for a commercial property there about two weeks ago (just under €40 million investment). However, Magdeburg was already a top eastern location before (albeit with a declining population). Intel has chosen a good location.

Property has 'always' been a privilege ... that only changed for a few decades after World War II when we had enough money for a social state like never before.

For those who haven’t realized it yet: the golden times are over. On the one hand, the Corona debts have to be paid, and on the other hand, defense spending is rising massively. In addition, there are worldwide logistics problems, missing grain from Ukraine, energy transition, dilapidated infrastructures in cities and countries. (Just look at how dilapidated the infrastructure in the USA is ...)

Yes, all of us will have to drastically revise our comfortable sense of entitlement. That will hurt - but whining doesn’t help. There will be many bankruptcies, forced auctions, etc. given the emerging global economic situation. And yes: there are always war profiteers - but the majority does not belong to them.

Ukraine war: The German government is preparing for a significantly worse gas supply and is declaring the early warning level of the gas emergency plan. /

Well then, you can get started....

The A14 will be a hot strip, Dresden with Infinion, AMD and Bosch, Leipzig with Porsche and BMW, Magdeburg with Intel, commuting in new dimensions