Construction costs are currently skyrocketing

It's only unique if you don't look beyond the horizon. Japan has had its interest rates near zero for over 25 years...

Currently, we have normal interest rates (3-4%). Key interest rate at 0% or negative interest rates and loan interest rates of 0.xx-1.xx% were unique. Those who did not secure 20-30 year terms at these interest rates... we advised and sold long terms 99% of the time.

Yep, unfortunately we were then offered around 2% and more for such long terms. Even though it was clear that this could not stay as it was, the current developments were not really foreseeable. And who knows what else is yet to come.

We also have 20 years and a combination with a flexible building savings contract. At first, I was also skeptical because of the many negative entries, but now I see it completely differently and am glad to have been advised so well.

Probably 4-5% for 10 years... But then the construction is dead until either the interest rate settles or the construction prices fall by 20-25%...

Haha, same here. It's too warm for me too! So, if we put the entire remainder into a loan in 2031 (optimistic) at 2% rather >4%), we will pay significantly more interest than with the building savings contract plus possibly a "small loan." In my opinion, the calculation makes sense for us because we have already planned large special repayments in the next few years. If the money had been liquid last year, we would have rather used it as equity and taken out less loan and then probably paid only 0.8% interest. But that was not possible. Yes, we do have a decent monthly rate there, but we don't have to service it. If there are fewer building savings contracts, then so be it. We accept the risk. Without the reserves soon to be available, this construct would of course be little useful.

Yeah, yeah, the bank just made another profit. 3100€ + special repayment, yeah right. :D

3100€+special repayment, yeah right. :D

You initially calculated the 3100, and to my understanding it exactly includes the special repayment, right? (when I read something like "released capital" and stuff, it doesn’t necessarily sound to me like "we pay the 1200€ monthly into the building savings contract," but rather like "we pay a little each month and besides that a few times a decent amount," or something like that. There are also people with not to be underestimated bonus payments, etc.) If they feel more comfortable with that, let them *shrug* If interest rates are the same in 9 years as they are now, they were probably right and saved on the front... if not, then maybe they could have gotten more out differently, but that doesn’t seem really relevant if they can put aside so much into the building savings contract beyond the normal rate....