Construction costs are currently skyrocketing

Well, but we are here in the countryside, more precisely in the Eifel. By the way, the shell was completely underwater a year ago.

Supply and demand. The demand is there. But the existing supply had to suffer a significant loss last year...

And I suspect the houses were notarized a long time ago. Probably before construction began and before the flood.

Something new from the new construction front:

Current project (just being completed):

4 terraced houses in our district of a town with 15,000 inhabitants in a rural area. All around 200 sqm plot (I think 177 - 240), all around 130-140 sqm living space. Price point 580,000 - 590,000! No carport, only 2 parking spaces included.

Had my wife estimate it. Her estimate was 200k lower.

And I would have estimated 200k higher.
There is currently a huge new terraced house development in our town. The cheapest house has 140 sqm living space and tiny 120 sqm plot and costs 1.06 million excluding additional costs.

If you consider that the price per square meter might be 1,000€ higher here than in the Eifel, that only makes 120,000€ difference for 120 sqm. And even if it were insanely 2,000€ more expensive, then we would be at a 240k difference. That’s why I would have estimated 800k for a house in the Eifel.

It always irritates me that even with new builds the prices differ so extremely.

Once "Hintertupfingen," once near M. Who is still surprised by the price differences?

Who puts themselves through something like this at these prices? Who is supposed to pay for that?! For me, dizzying sums … with my home situation I am so satisfied … following the motto: cheap and good … I don’t need more

Does anyone have access to this article on this article?

Welt.de "New traffic light plans – builders can hardly hope for any more subsidies

And I would have estimated 200k higher. In our city, there is currently a huge new townhouse development. The cheapest house has 140sqm of living space and a tiny 120sqm plot and costs 1.06 million excluding additional costs. If you now consider that the price per square meter here may be 1000€ higher than in the Eifel, that only amounts to 120,000€ for 120sqm. And even if it were a crazy 2000€ more expensive, then we would be at a 240k difference. That’s why I would have estimated 800k for a house in the Eifel. It always irritates me that even for new builds, prices vary so extremely.

I always find it hard to imagine the conditions under which someone would be willing to buy something like that. With such a tiny plot, the argument "I want to sit comfortably on the terrace while the children play in the garden" falls away. Whether it has any positive economic effect compared to renting at these prices probably depends on how rents, interest rates, and prices for such houses develop during the loan period. Aside from that, only very few can even afford it, and those who can easily afford it presumably want a larger plot.