Construction costs are currently skyrocketing

Expensive vacations, shopping without remorse, etc. A real decline in demand is not apparent.

Maybe because there is still money, people have been frugal the last 2 years.. at the travel agency the advisor recently told me "you know, as long as someone pays 8000 euros for Mallorca for 2 weeks, the chaos and the price will remain."

But what I also observe is that in the daily newspaper many more one-man businesses craftsmen/illegal workers are looking for work.

On the topic of existing properties
Berlin metropolitan area, my small personal search area of 2km in a popular single-family house area. In the last 2 years, the supply was a handful of properties and correspondingly hugely overpriced. Currently, the supply is growing day by day. Meanwhile, there are 20 to 30 single-family houses. The prices are still inflated, but by far not as much as 6 months ago. The development is drastic and noticeable.

Does Berlin metropolitan area mean Brandenburg or even the outskirts of Berlin?

Does Berliner Speckgürtel then mean Brandenburg or even the outer districts of Berlin?

Outer districts of Berlin. It is still Berlin :)

Wow, I haven’t noticed anything about that so far. But I’m not actively looking either; I’ve just not turned off my car search on various portals. It only affects me indirectly now, since I’ve already found something (plot & new build). But if something happens or I can’t afford the annuity in 15 years, it could become relevant for me too. Besides, I had thought about selling everything in 10 years and buying a bigger plot with more space further out. That probably won’t happen anymore...

Wow, I haven't noticed anything about that so far. However, I'm not actively searching either; I just haven't deactivated my car search on various portals. It only affects me indirectly now, since I have already found something (land & new build). But if something happens or I can no longer afford the annuity in 15 years, it could become relevant for me too. Also, I have thought about selling everything in 10 years and buying a larger plot with more space further out. That probably won't happen anymore...

Wait and drink coffee. No one can tell you what will happen in 10 years. The offers on the common portals in the last 2 years have been massively exaggerated. Plots of land were generally offered with a 200 to 300 euro premium over the standard land value. Junk houses were sold expensively because location, location, location. The land price here will now *CRYSTAL BALL* not fall that much, but the offers will be more oriented toward the standard land value. A house will no longer be bought at any price. However, a good house with good substance will still retain its value. Construction prices are rising, so I see no reason to panic that good existing houses will drop anywhere. Many old (junk) properties here will be traded more realistically again.

Well, "supply and demand determine the price" only applies to fully transparent goods markets. The labor market works differently because its general product is the demand for labor. There is no model for that.

And the connection between money supply and inflation has been empirically refuted so thoroughly… It already starts with the fact that what a central bank can create electronically is not money that ever reaches the citizens' pockets. For that, it would have to physically print and distribute cash.

The problem is that YOU acknowledge having knowledge gaps, but professionals often operate with similarly limited understanding. They just express it in technical language so complicated that no one notices. To put it bluntly.

My crystal ball knows NOTHING about 2027. Nada. The world is moving in such a way that no serious forecast over such time spans is possible.

That building will become cheaper, I hardly believe, since building land will continue to become more expensive. Possibly the existing stock will decrease in price.

But that’s just guesswork!