Does the land value count as equity? Appointment at the main bank

The bank will have to do exactly that. There is nothing conservative about it, that's realism.

I wrote conservative because the standard land values mostly lag behind the current price development. The OP mentioned bidding procedures in that area. He certainly has an interest in a high valuation.

And if someone in the bidding process (for whatever reasons) paid 1,500 euros/sqm, BelWertV simply does not allow this value to be assumed even remotely.

BelWertV §15

(1) To determine the land value, surveys are to be conducted on
1. the local location, the size, and the shape of the property,
2. the type and extent of the legally established building use possibilities and the actual use,
3. the type and condition of the access roads,
4. the most important economic and traffic connections,
5. the connection options to supply lines and sewage systems,
6. the remaining development contributions to be incurred, and
7. existing benchmark values and comparable prices.
(2) The land value is to be set per square meter of the property area. When determining the land value, no higher-value use than legally permitted may be assumed.

Nowhere is a comparable price defined, but an expert will hardly base values beyond the standard land value if there are no valid reasons for it.

I looked up the price per m2 in Neuburg on the internet. It is currently between 400 - 600 €. Hope the bank checks it the same way. That would be a few 10000€ more right away. How do I find out the exact standard land value? Thanks for your help. Regards Manu

True. The dear guidelines, we ourselves have had to experience them during the financing.
It is a new development area, which is being developed and sold step by step. In BORIS NRW, our partial area is still listed as arable land at €5. One bank seriously applied this value, which of course totally ruined the loan valuation. Another applied the lowest value from the direct neighborhood. Others simply used the purchase price as the market value, and that also resulted in the best conditions.
One bank delegated the valuation to TÜV, which saw a value €2 per sqm higher than the purchase price. Wherever such things come from


Land reference values are determined by the appraisal committee. Some federal states publish this online. Bavaria also has a system (just google BORIS Bavaria), but if I see it correctly, it is chargeable.

thanks for the tip.

Using farmland as a basis is of course nonsense, but I think I mentioned that last time as well. The path via the purchase price is more reasonable. Only if it is a gift, there is no purchase price.

One could also assume the business value that the notary bases on, but there may be a conflict of interest, as the notary is probably interested in as high a business value as possible. However, he will hardly set it arbitrarily.

If the property itself has no standard land value for the corresponding residential construction, one could assume a value in the immediate neighborhood and take a suitable deduction of e.g. 10%.