Construction costs are currently skyrocketing

2022-06-03 22:54:02

Hey, something positive: the interest rates moved sideways to slightly down in the last two weeks, 15 years from 3.0% :D

2022-06-03 22:58:42

Well, I actually suspect that it’s not that significantly more people want to sell something, but rather that not quite as many potential buyers come across it, and therefore the items stay on the portals a bit longer. From the private environment, the reasons for sales are rather diverse: divorce, need for care, partner passes away, job change in a new location or also moving to a new place after retirement. Accordingly, "what comes after" is also rather diverse (nursing home/rent/new property adapted to new circumstances/moved in rent or ownership to someone else/and uh... underground). Personally, I do not know anyone who now still wants to sell "quickly quickly" out of fear of missing the opportunity, but my sample is rather small ;)

I know 5 people in my close circle. 4 successfully sold in Jan/Feb. At top prices. However, 3 condominiums, 1 single-family house due to new construction. The 5th is currently losing buyers because the financing of potential buyers (primarily 25-35 years old, corresponding to first-time buyers, little equity) is falling through. The others got top deals. Properties are tax-free after 10 years – and everyone knows how prices have developed in the last 10, 15 years.

2022-06-03 23:43:11

In our portals, there seem to be somewhat more houses or longer listings and/or at fairer prices than before, but still partly too expensive or now even more expensive due to rising interest rates. I would love to fast-forward the time until the notary appointment so that nothing can go wrong with our purchase.... It still seems too good to be true (we are getting a house where "acutely" almost nothing needs to be done for under the market value determined by several banks). We were even able to take advantage of the slight interest rate drop at the KfW that occurred briefly last or the week before last. The financing is signed. Now we just need the notary's signature.

2022-06-04 06:50:38

I'm building my garden shed. But will it actually happen?

Unfortunately, it will not happen. I will also start with a garden shed soon, which should be clad with HPL. The panels I selected at Bauhaus are listed on the website, but they simply no longer exist... Instead, there are now visually similar ones for 30% more...

Everyone is grabbing them.

2022-06-04 09:10:39

I don't have reliable figures right now, but it feels like increasingly more forced auctions are appearing on the [Poertalen]. In any case, there has been a noticeable increase for some time now. However, I only look in my region. Do you also have that impression in your area?

2022-06-04 09:17:22

I don't have reliable figures right now, but it feels like more and more foreclosures are appearing on the portals. In any case, there has been a clear increase for some time now. However, I only look in my region. Do you also get that impression in your area?

So far, I don't have the impression that there are more foreclosures here than usual.

Construction costs are currently skyrocketing

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