Construction costs are currently skyrocketing

We checked yesterday whether our terrace slabs are drivable. Price in 2019 was 70 euros per square meter, yesterday's price was 119 euros per square meter. That's not quite 3 years apart.

I continue to observe the market and am starting to notice that the asking prices are becoming more "realistic." Houses that last year - listed at the same price - would have been online for a maximum of 30 minutes are now sometimes listed for weeks. I can already imagine that the prices in the purchase agreements are now also below the listing prices, whereas last year it was often the other way around.

Some still want to cash in heavily and demand 700k EUR for a simple terraced house in a "middle location." Well...

That's exactly the impression I have right now. A few sellers are still trying at the last minute to push the argument "act quickly, the price rally in the real estate market continues," but the trend is rather towards increased supply and thus slightly more realistic prices. Where just a few months ago the market was practically dead and every outrageous offer was snapped up, now some listings remain and that creates a bit more market within the "market."

I'm curious, maybe opportunities to buy will arise again in the next few months or 1-2 years. If no one speculates on rising prices anymore (and many do here in the Munich outskirts...) something can really get going.

It depends. The last two years with Corona and a small child have shown us that without family nearby, we would have gone under with a bang. Since September, we haven’t had two weeks in a row where our daughter was in daycare as planned. Either she was sick herself or the daycare was closed due to outbreaks of various illnesses. If my wife or I had stayed home sick with the child every time, we would have had massive problems at work, regardless of the current legal situation. So one of the two grandmothers could always step in and relieve us occasionally. If we didn’t live in an expensive condominium in Bavaria, but rather in the deepest Brandenburg, we would probably have a house, but very different problems.

This happened to thousands of families as well. Just like us. My wife is a teacher and had to give video lessons all the time. The child was at home. I, as a controller in a hospital, also worked from home. And all this without parental support (they live 200-500 km away) and in 70 sqm of living space. It meant that I occasionally held room conferences between unicorns (in the children’s room) :-)

It’s all possible, you just have to want it :cool:

It was the same for thousands of families. Just like us. My wife is a teacher and had to give video lessons all the time. The child was at home. I, as a controller in the hospital, also worked from home. And all that without parental support (living 200-500 km away) and on 70 sqm of living space. That meant I occasionally held room conferences between unicorns (in the children's room) :)

Everything is possible, you just have to want it :cool:

I rather believe that for Oettie, home office was simply not possible (it was the same for thousands of families). Such jobs do exist. Work in production, healthcare, nursing, etc. etc.

Price 2019 70 euros per sqm, price yesterday 119 euros per sqm

Then it must be others, yesterday at Hornbach 60x60 porcelain tiles for 28 euros per m2. So it is definitely still possible to get it cheap, but people have forgotten how to use alternatives and accept the smallest compromises. Although I cannot see any compromises with terrace slabs.

Maybe the inflation we are currently experiencing is not so bad after all, and we will change our excessive consumption even though it is difficult.

Prestige is not everything.

In March, producer prices in the Eurozone increased by 36.8% compared to the same month last year, as reported by the statistical office Eurostat. This is the highest rate since the introduction of the euro. Producer prices had already risen at a record pace in the previous months. /

yeah yeah, the ECB first has to wait for the figures before taking action. Let’s see how long they can keep preaching this mantra.

my 60x60x2cm porcelain terrace tiles are from Hornbach. I paid €22.75/m2 last summer, and I installed them myself in a drainage bed.

However, if you want premium quality, you have to pay accordingly, €120/m2 for car park solid products are not uncommon in specialist stores!

Hornbach is certainly top for many things, I also bought my floor tiles for the three bathrooms there. +120m2 paving stones and 2 tons of granite. All for €79 transport costs xD