Construction costs are currently skyrocketing

He is right, however, I would have no problem investing 1 million in a home that generates a profit when sold.

Of course, a home can also be a good financial investment. But it also carries a significant concentration risk. And in many cases, renting would have been cheaper in the end. Anyone who wants to save money should definitely not build! Anyone who wants luxury and ownership should definitely build!

And in Berlin, for example, it is currently the case that you can cover the entire loan installment with a net cold rent. So including repayment! Additional costs are almost the same. Maintenance comes on top, but by far does not outweigh the repayment portion.

And in Berlin, for example, it is currently such that with a net cold rent you can already cover the entire loan installment. So including repayment!
Additional costs are almost the same. Maintenance is added on top, but it does by far not outweigh the repayment portion.

Not only in Berlin. Also in the surrounding area. We were faced with the choice of renting or building a nice apartment. First, find a nice apartment, then find one that is cheaper than the installment. Mission Impossible. All the 100sqm+ new buildings in Potsdam and the surrounding area start at €1,500 net cold rent. There are also many new buildings in Beelitz-Heilstätten. But the prices there are similar. In addition, there are rent increases over the years. Our installment will be about €1,650 and then we will have a huge garden and a home of our own. So the decision was quite simple.

And in Berlin, for example, it is currently the case that one can cover the entire loan installment with a net cold rent...

... if you instead build somewhere in Brandenburg? ;-)

Our installment will be approximately €1,650 and we will then have a huge garden and a home. The decision was quite simple.

And after how many years will it be paid off? And how high are the reserves until then?