Construction costs are currently skyrocketing

On the subject of land purchase: At the beginning of the year, building plots were advertised in a municipality here and we looked at the allocation, but didn’t get anything suitable. At that time, out of 103 plots, only 18 (all LPB III, the others no LPB) were not reserved.

I have also already seen this, to a lesser extent for plots from allocations of the last 6-8 months. The projects could still have been started at "good" interest rates, so it fits that only a few are currently "falling through". It will be exciting when additional financing becomes necessary there. The 10-year rates went over 3% yesterday, and now it is expected that they could reach 4% within the next 2-3 months – and not only at the end of the year. And the portals are filling up further, prices of the old stock are being reduced due to lack of demand..

I have already seen that as well, to a lesser extent for plots from awards in the last 6-8 months. The projects could have been started with "good" interest rates, so it makes sense that only individual ones are "failing" at first. It will be exciting when follow-up financing becomes necessary there. The 10-year rates went over 3% yesterday, and now it is expected that they could reach 4% in the next 2-3 months – and not only by the end of the year.
And the portals are filling up further, the prices of old stock are being reduced due to lack of demand..

I am curious about that. I hope that in 9 years (when our 10-year financing at 0.96% ends; the remaining debt will be around €300,000) the interest rates will normalize again. Although the question would be, what is a normal interest rate? :cool:

All inclusive, i.e. including delivery and unloading per ton 18.7 euros plus 1.1 euros energy cost surcharge

Not expensive, it's just the quantity that matters. Out of necessity, I paid about 20€ for approximately 400 kg from the farmer so that he would load it onto my trailer with the wheel loader, and I had a 20 km round trip.

It's just annoying when you need more than a wheelbarrow full, but less than a whole truckload...

I have also seen that, to a lesser extent for plots from allocations in the last 6-8 months. The projects may have been started with "good" interest rates, so it makes sense that only some are "falling through" at first. It will be interesting when additional financing becomes necessary there. The 10-year rates went above 3% yesterday, and now it is expected that they could reach 4% within the next 2-3 months – and not only at the end of the year.
And the platforms are filling up further, the prices of the old stock are being lowered due to lack of demand..

The curve of interest rates went very steeply upwards after the ECB announced the increase.
Now, after the ECB emergency meeting this week, the 10-year swap has fallen for the first time; before that, there were increases every day of around 3-10%.
This has also been reflected in the interest rates. The cheapest is now 2.98% for 10 years, 3.23% for 15 years, and 3.34% for 20 years.

The next few days will show where it is heading. If the current speed continues, 4% for 10 years is realistic in July.

Of course, I hope that it will calm down now, but the ECB probably has no other choice than to raise interest rates and squeeze the economy. It will be very bad for employees and employers in construction.

I am curious. I hope that in 9 years (then our 10-year financing at 0.96% will end; the outstanding debt will be around €300,000) the interest rates will normalize again. Although the question is, what is a normal interest rate? :cool:

What is one speculating on when the financing starts with very favorable conditions <1% and the rate is only fixed for 10 years? That interest rates will be even lower?
I could understand it if the outstanding debt were marginal, but €300k at possibly 4-5% or more could turn into a never-ending story.

Not expensive, it's just the quantity. Out of necessity, I paid about €20 for approximately 400 kg to the farmer so that he would load it onto my trailer with the loader, and I had 20 km of round trip. It's just annoying when you need more than a wheelbarrow full, but less than a whole truckload...

We are really lucky here, we have a company in the next town, 3 km away, that produces topsoil. €6.50 per cubic meter. But it’s only estimated, he loads the shovel once and dumps the soil into the trailer until I say stop. The tires are a good indicator of when there's enough on it.