Finance construction project, total costs: €395,000

ok, but in the exam they still apply 2 %

No, that’s not true. Ing.Ing-Diba (whose ads always pop up around the written text here) accepts 1% and DSL Bank 1.5%, and both are currently - rightly so, DSL Bank - taking a lot of construction financing away from the market.

Whether it makes sense, how sensible it is, is another matter, but my numbers are the fact!

Yeah. 1% repayment? Even if then 2.5% interest is before the decimal point because right now the money isn’t really abundant, 50 years of calculated term. And at 1.5% interest we’re already at 60 years.

That’s an option only for very special situations, and not really something for the typical homebuilder.

Thank God that more than ~90% have >= 2%, or TA constructs in place.

Caspar2020, sorry, but that is not true. Over 30% of the currently running loan contracts have an initial repayment of 1%.

Currently ongoing? I am talking about "newly" completed financings in the last quarters. Just take a look at the europace report. That there are still ongoing contracts from previous years may be correct for the respective interest rate level. But that does not help any current/future builder.

Over 30% of the currently active loan agreements have an initial repayment rate of 1%.

When were these concluded? What is the rate for home financing agreements concluded in 2016?

:

1-1.99% repayment on new contracts:

In 2016: 9.76%
In 2015: 14.5%
In 2014: 27%
In 2013: 34%
In 2012: 39%

The data is from the Europace Report. This is the platform used by some larger (e.g. Dr. Klein) and smaller brokers; so it is quite representative.