Construction costs are currently skyrocketing

  • Erstellt am 2021-04-23 10:46:58
T

Tolentino

2022-06-15 09:28:49
  • #1
There is too much interpretation in that for me. If the reinforcing steel there is (just as) cheap(er) and available(er) as the regional one, it doesn't matter to me - as I said, apart from moral considerations - where it comes from. In the end, it is probably even a regional one. I thought you knew from some reliable source that the reinforcing steel there is of inferior quality or something like that.
 
G

Georgian2019

2022-06-15 09:32:37
  • #2
This morning KfW-124 rose from 2.98% to 3.33%! 3-4 days ago they had already increased from 2.73% to 2.98%. Currently, we see 80% loan-to-value ratio and 10 years fixed interest at a loan amount of 400,000 € around 3.12-3.27%. For loan amounts over 400,000 €, it rises to 3.2-3.35%. At 100% loan-to-value, we are already at 3.5-3.65%, depending on the location ([alte/neue Bundesländer]). This makes a difference of about 500 € higher loan installments (at 400K loan amount) in the last six months, plus increased construction costs!
 
C

cryptoki

2022-06-15 09:42:44
  • #3


Crazy. I can’t imagine that the single-family house building boom will continue like this. Regarding the order books, it must seriously collapse by the end of 2022 at the latest.
 
S

se_na_23

2022-06-15 09:50:03
  • #4
Wait until July if the ECB tightens further...

However, with the quick calculator, you still get 3.27 for 400k over 20 years
 
W

WilderSueden

2022-06-15 09:53:21
  • #5
So currently the ECB has first of all scheduled an emergency meeting because interest rates are shooting up even before the interest rate turnaround is really supposed to start ;)
 
Y

Yosan

2022-06-15 10:59:40
  • #6

We were also thinking about building about half a year ago... We could have gotten a nice plot for 30k including ancillary purchase costs, but even then we were already hesitant because of the total costs. Shortly after, the topic was completely discarded as interest rates rose so rapidly. In the meantime, it's been settled anyway thanks to the great offer of an existing house, but now we actually couldn't build anymore otherwise.
 

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