Construction financing over 700k - Is the offer okay?

The 700,000 is all tutto completti with - Land 100,000 - House fully basemented, turnkey 500,000 - 100,000 remaining (earthworks, outdoor facilities, kitchen, etc.) The question is also, what the alternative would be: resell the land and scrap the whole project?

I am always very surprised that many assume they want and can work until the regular retirement age of 67. One might still imagine that at 35 or 40, but I hardly know anyone in their 60s who wants and can do that. Many already go part-time before or retire earlier with deductions. The statement is less generalizing than saying you want to work until 67.

That is just as much self-deception as the massive desire to use special repayments and a necessary frugal lifestyle, although everything was squandered on consumption before (I do not mean anyone specific here). The woman goes back to full-time work after the children start school.

I am always very surprised that many assume they want and can work until the standard retirement age of 67. One can still imagine that at 35 or 40, but I hardly know anyone in their 60s who wants or can do that. Many already go part-time or retire earlier with deductions. The statement is less general than the statement that one wants to work until 67.

The question is which rate is appropriate. I say that the theoretical loan term is before the expected retirement age. It is clear that this is not the right decision for everyone individually.

I also consider it legitimate not to be finished paying by retirement... If you still have 100k principal left in your early 60s, you can sell the house and possibly still have enough surplus for a nice retirement in a small apartment. Often the house is way too big at that age anyway. This happened recently in my circle of acquaintances...

If development continues as it has so far, debt-free retirement will be the exception for homeowners in a few years, except for a wealthy minority.

I already wrote 4-5% annuity. Earlier, in the early 2000s/2010s, it was even a "solid" 5%. That was considered healthy back then.
Nowadays, no one thinks about that because the amounts are so high and no one dares to commit to such a high repayment anymore, and salaries have not risen as sharply in the last 5 years as the loans. Besides, people still want to consume and live as before.

In the south where I am, they build little to nothing for that.