Construction costs are currently skyrocketing

150k funding? You mean 15k, right?

The KfW loan increases to 150k€, the repayment grant is of course lower. ;)

Schwieva says wood is getting more expensive. The rest not really, at least he doesn't notice anything. HSLer says everything is getting more expensive, especially things made from petroleum. Partly up to 120%. GÜ has not contacted us yet, although the contractually agreed price guarantee has been over for two months. Let's see...

I find the whole thing so alarming. The building material suppliers told us that the situation with materials doesn't look good. Some things like undersole insulation are no longer available, wood is very hard to get.... Especially when something is available, the contractors are served first because of the dependent jobs. Starting to build in this situation - difficult - time pressure due to the funding release - and then, besides the material shortages, the price increases. 10-15% in total makes a big difference with today’s construction costs.... & what does the future look like? Will prices even go down again, will many houses come on the market due to financial problems of the home builders in recent years, will the value of real estate then drop because of the market, would be great to have clairvoyance. Can anyone here do that? ;-)

The problem of those searching for houses was recently shown on NDR.

The program can also be found on Youtube:

Buying a house - more expensive than ever | Documentary | NDR | 45 min

Brief info from a prefab house manufacturer. They themselves are currently having problems obtaining wood and other materials. Wood prices have risen by 50-100% at the moment and other building materials by 20-50%. Therefore, they will have to adjust their prices as of 1.5, which others will probably do as well....

The report on NDR is quite funny but only shows one side. You would have to show the wage development over the last 10 years alongside it and what effect interest rates have on the burden as a comparison.

House prices increased on average by 60% between 2010-2020. Here is a simple calculation:

2010: Interest 4.5%, repayment 2.5% House price €400,000 Results in a monthly rate of €2,333

2020: Interest 1% and repayment 2.5% House price €640,000 (€400,000 x 1.6) Results in a monthly rate of €1,866

Conclusion: the price is indeed higher, but it costs you less monthly and you will have at least 20-25% more salary overall in 10 years. Your purchasing power is significantly better and the rate constitutes a smaller percentage monthly than it did in 2010.

Such things are unfortunately not shown or the people are not informed. Then it’s just about the evil investors or speculators or whatever....

Instead of teaching facial interpretation in school for years, it would be better to teach economic contexts and life.