Construction costs are currently skyrocketing

Why do people do that? Honestly, I don't miss those things in the bedrooms at all, quite the opposite.

Apart from that, I also don't want to live in a house cobbled together by amateurs, but if it just can't be financed otherwise...

Even trained craftsmen don't do everything better than the "layman". There are many things you can do yourself without much craftsmanship skills. And some things you can do with some skills.

Yep, our construction financing from 2013 will expire in November 2023. Back then it was 3.0x%, about a month ago we secured a forward loan for 2.9x%.

So it’s basically the same. We have skillfully excluded the lowest interest rates :D ;)

I am also financing my son’s plot of land with a loan from early 2014 at about 3%. But I haven’t taken out a forward loan yet because he actually wants to build in 2024 and then finance it himself. We’ll see how that goes, if it works out. But it’s only 15,000 euros then, which we will pay if necessary. At least the standard land values have since risen fivefold, so he is contributing much more equity.

Interest rates currently know no brakes. We have closed what we applied for last minute on Maundy Thursday (before an announced increase after Easter) with great difficulty. We secured 2.54 fixed for 20 years there. I keep checking the comparison portal from time to time, and the same financing would be between 3.34 - 3.6 today. Almost 2 months later. Wow.

Right, those existed before too. However, construction used to be easily 20-30%+ cheaper than it is now. Currently, we have the "problem" that interest rates and construction costs are rising significantly.

You are right. That’s why I wrote that for many it will only be possible through personal contribution. They have to make up for it that way. Or build smaller.

Interest rates have no brakes at the moment.
We closed what we applied for last minute on Maundy Thursday (before a announced increase after Easter) with great difficulty. We fixed 2.54 for 20 years there.
I keep checking the comparison portal now and then, and the same financing would be at 3.34 - 3.6 today. Just under 2 months later. Wow wow wow.

But I think this won't last long. I'm not a financial expert, but so far construction interest rates always followed the key interest rate. That has now decoupled.
But banks also want to get rid of their money. And if no one takes out loans anymore, maybe they will get cheaper again?

Apart from that, I also don’t want to live in a house cobbled together by amateurs, but if it just can’t be financed any other way…

There are interesting posts on this topic here, see "Fleischerhaus". :)

The magic word is personal contribution. And of course a reasonably affordable plot of land.

The often-heard term "inheritance generation" fits this a bit too. @all, unrelated to the aforementioned post: According to yesterday’s MDR radio news report, property transfer tax in Saxony is supposed to rise from 3.5% (we still benefited from that and even got 50 cents gifted ;-) ) to over 5%. So far, it’s only being talked about.