Current financing offer from the house bank

1.42% over 20 years.. (words...)

what is your remaining balance after 20 years?

Hello,

I do not want to judge the health condition of the questioner here. If you have stood in the property or a similar property and felt good... you can buy it. However, if you feel that you have to pay so much money for so little land and house, leave it. There is not much worse than when you cannot sleep well in the new house and panic attacks become part of life...

how much is your remaining balance after 20 years?

So repayment is at 1%, but only because the bank does not allow less. :)

So repayment is done with 1%, but only because the bank doesn't allow less. :)

0% doesn't want to be finished ... According to Interhyp, my interest rate would be 0.40% higher today (3 weeks later) :O I'm curious what this will do to the prices

For someone from the countryside (Lower Saxony) like me, this is also incomprehensible. Someone here would be considered completely crazy to buy something like that for this amount, and the banks would laugh at you. But apparently, there is a different view on such things in the cities.

Yes, there is a different perspective. For example, a current offer: 55sqm apartment in Munich from 1983 for: €949,000.

For €800,000, there is nowhere around here a house as good as the one from Hauskauf1987. Somehow people here still pay it, so I do think it works with Hauskauf1987. A bit more equity or a gift from the family would also make the whole thing look a bit more relaxed. I estimate that around us, rather the minority built without financial support from their parents, because with these prices it simply becomes difficult.

0% doesn’t want to be completed ...
According to INTERHYP, my interest today would be 0.40% higher (3 weeks later) :O
I’m curious what this will do to the prices

The interest rate level is thus reaching the heights it already had in 2015 – only the prices are, strangely enough, not at the 2015 level.

The development will perhaps proceed in stages – since banks now have to lock up more capital with real estate loans, the costs and lending conditions will certainly increase further. And completely inflated price expectations can no longer be so easily met by naive buyers, as they no longer get money as easily. The general price development also claims further free percentages of household income.
This increases the time properties remain on the market and improves the situation for people with high creditworthiness, income & equity, because their "competition" will be smaller. And this advantage can be used in price negotiations.