Construction costs are currently skyrocketing

Yep, I already wrote about this many pages ago. Creaton no longer accepts orders for clay tiles, and it seems that nothing can be ordered for Braas anymore either. Nelskamp still accepts orders, but the order for my roof from early March is currently expected to arrive only in mid-July. According to the building materials dealer of my general contractor, concrete blocks are also becoming scarce as demand is shifting as expected.

Yep, I already wrote about this pages ago. Creaton no longer accepts orders for clay tiles, and it seems nothing can be ordered from Braas anymore either. Nelskamp is still accepting orders, but according to the current status, the order for my roof from early March will not arrive until mid-July. According to the building materials dealer of my general contractor, concrete tiles are also slowly running out because demand is predictably shifting.

But that will cause a pretty big chain reaction. Roofers will have to close despite full order books. Houses cannot be built further, so other trades will have to wait as well. Yes, it is a worst-case scenario, but is it really so unlikely?

Brief update. Today has proven to me that there is still endless money available on the market. In our town, 5,500 inhabitants in West Bavaria, a house was auctioned off today. The house was built in 1900, has no central heating, 1 wood stove, no bathroom, has been vacant for 10 years, is one story with a ceiling height of 2 meters, plot size 122 (!) m2. The house is uninhabitable, a pure demolition object. Market value 20,000 euros. The bid was awarded for 55,000 euros. I am at a loss for words....

You can also continue working without a roof for the time being. And just because of the exploding prices, many are probably switching to concrete blocks now. The whole problem didn't even start with the war; the neighbors with an appointment in December already had trouble. I just looked through the drone photos, one of them had the tarp on at least until early March.

I think by July there will be a big plus in the order books again...

The ECB then wants to raise the key interest rate in July, which will mean the end for many middle-class projects.

The ECB plans to raise the key interest rate in July, which will mean the end for many middle-class projects

Forget the key interest rate. It only controls the short end of the yield curve, but for construction loans, the long end is relevant. Bond purchases are much more decisive there, and their termination has already been decided. Accordingly, most of it is already priced in.