Development costs are becoming increasingly expensive; can one resist?

When the plots of our development area (approx. 50 parcels) were sold after being developed, the price for all of them was initially €110/sqm. This increased with each sold parcel. We bought at €144/sqm and the last one went through the notary for €180/sqm. So within half a year from €110/sqm to €180/sqm. I was not annoyed (which surprises me in retrospect) because there were hardly any alternatives.

When the plots in our development area (approx. 50 parcels) were sold after development, the price for all was initially €110/sqm. This increased with each sold parcel. We bought for €144/sqm and the last one went through the notary for €180/sqm. So within half a year from €110/sqm to €180/sqm. I wasn’t annoyed (which surprises me in retrospect), because there were hardly any alternatives.

Was that a municipal development area? I would find that really bad. Especially if it’s the same development phase.

Was that a development area of the municipality? I would find that really bad. Especially if it's the same construction phase.

No, besides the municipality (which guaranteed the development), there was also a private investor involved. A real vulture. The investor could probably retire by now. And yes, that was a construction phase.

Private investor explains it :-( Still terrible when you are at their mercy. But at least affordable by today's standards.

Private investor explains it :-( Still nasty when you are at their mercy. But at least affordable by today's standards.

We bought at the beginning of 2019. Nowadays, there is nothing here under €200/sqm anymore. Therefore, I am not upset.