Existing property or construction financeable?

So at this point I (unfortunately) have to give Mickykitty full credit.

I have had the same experiences. In the extended suburbs of Düsseldorf, banks are still not keeping up with current market prices. Their valuation systems, like BORIS, lag 1-2 years behind.
This may be barely noticeable in less dynamic areas. In any case, my experiences align with those of Mickykitty.

I also don't understand the point of the tip "Just save more equity first."
€35,000 coupled with a secure and good income situation is really not a disaster. What would be the point of now saving hard for years instead of simply putting the money towards repaying the loan and living in the house? Given the income situation, it is quite reasonable to assume that even with a €1,600 monthly rate, there is still something left over for lamps etc.

If everyone had to start out with €100k equity, then the benefits for public servants/officers with good earnings would no longer matter.

For your information: the aforementioned house is listed at €400,000 and was valued by the German bank at under €250,000.

A one-off case. It’s also not being sold because the price is too high. So the bank probably valued it correctly and the seller is overplaying his hand.

Ps: you can get demolition shacks on the main road here for under €15 cold rent

Oh wow, someone’s got demands! So with your €590 cold rent, you and your family are currently living in a 39 sqm demolition shack. For €15 cold, there are nice apartments even IN Düsseldorf, not just in the suburbs. A bit further out (so your 40km range), new build rents for KFW 55 with high-end fittings are about €12.
Houses with 120 sqm living space are around €14-15 in new builds. I can gladly put you in touch with developers from our client base who build and rent such properties.

Something doesn’t add up in your story. After all, I’ve been a banker in the real estate sector for 20 years, my branch is in Düsseldorf and I live in the region you describe. I can also offer you new apartments in Essen-Bredeney as a top location for your €15 — there you get 3m ceilings, geothermal energy, elevator to the underground garage, etc.

You can be out, but please think about what you actually want and where you want to live. Complaining doesn’t help. Especially in the Lower Rhine area, you can still live nicely and relatively cheaply. Land prices start at €150/sqm, rents are still manageable.

Sorry, I’m out too. I unfortunately can’t help someone so ignorant.

Another thread where the OP only wants to hear what he wants to hear! I really don't understand why everyone wants to take the risk of building instead of looking for existing properties!

Oh guys... I really don't get the feeling that the OP just wants to hear what she wants.
It is written here that there are indeed affordable plots of land. Houses too. She just searches in the wrong way.
Then I must be searching wrong too.
Where are these notorious 150 euro/sqm plots on the (accessible) Lower Rhine? I haven't seen one yet and I've been looking for quite a while. Also gladly 200 euro/sqm.

The ads thankfully posted by nordannay are partially interesting. I had one of those on my radar myself too. But something is off there. It was already reserved a few times and then kept going back on the market (118508117) due to failed financing.

Sure, Mickykitty wrote a bit polemically about the rental costs. But they are actually that high in new rentals(!) that you could easily pay installments for a house with that.
That it makes no sense with long-used properties hopefully doesn't need to be made clear here in the forum again.

Oh wow, someone has demands! With your 590 cold you as a family currently live in 39 sqm in a dilapidated building.

Hmm... without knowing the situation exactly now I think that she has been living with her family in the apartment for a longer time already.
I currently also still have a relatively cheap rent which definitely goes up by 50% in a new rental. I'm happy that my landlord is not raising it already now.

I don’t see you building. Good net but hardly saved.

What we want is rarely to never available

Then it’s probably visible that wishful thinking is behind it

The current market situation apparently hasn’t reached the banks yet.

You should urgently tell them that, maybe they don’t know it yet.

A terraced/semi-detached house is only an option for us if everything else fits 100%.

Some people wait their whole lives for that and then the next one too

How can one have "wrong wishes"?

I’m sure that means that your wishes are not feasible on the current real estate market because they are wishes. These should, of course, reasonably be within the existing circumstances. Everyone has wishes.....

How can one search wrong

....by searching for an ideal image that does not exist on the market. I find it absolutely strange but nowadays you partly have to "apply" as a tenant; it used to be a contract between two partners. Not nice but that’s life... I have been reading along and seems to be, due to his stated expertise and knowledge of local circumstances, rather someone you could ask or get help from. I don’t see any lack of objectivity in that; maybe you’re more using the chance to alienate someone. All those things about bank ignorance, extortionate prices, wrong appraisal, only 100% hits matter probably won’t get you to your goal. Even if all of that were true, then it is what it is and all complaining doesn’t help. Change the search criteria regarding location, let go of 100% hits etc. and then it can work out.