Ex BR, here about new development areas in Bodenmais and Frauenau in the Bavarian Forest
The demand for the total of 16 building plots was high. The municipality allocated the plots according to a points system, giving preference to families with children. But now eight families, i.e. half, have surprisingly given up their plot reservations and canceled their down payments – including the Vogel family. Although they had agreed on a fixed price for the house construction with the construction company, the interest rates for the bank loan have meanwhile risen.
"We had always calculated with a monthly burden of 1,100 to 1,200 euros for the repayment of the loan, over a term of at least 25 years. We could have managed that. But the last offer was now at 1,560 euros per month. That is simply too much for us. We would have had to work only for the house," says 32-year-old Sandra Vogel... Also in the municipality of Frauenau, six building plots were recently surprisingly returned to the municipality for the new development area "Hirschgarten." Here too, the demand was huge: around 50 applicants applied in 2021 for the 37 plots in the idyllic outskirts location. The price was also fair: around 85 euros per square meter in "Hirschgarten," fully developed.