Financing the construction of a house on a plot of land based on the neighborhood

I will buy this plot with a friend, who would also build the second semi-detached house. So the plot would cost me 500K. I assume that the construction costs would be around 400,000 (but not really certain yet). I also assume that it could be finished in 1 or 1.5 years.

With 400,000 construction costs, you won't get far in Munich. Small semi-detached house without a basement and parking space instead of a garage. If at all...

Vaterstetten is a very special turf. They will definitely get the property sold for 2,200/sqm. Too expensive, yes. But that is the market there. Do you want to reveal where exactly the property is located?

There still needs to be a lot of research on your part. 400k for the house will hardly be enough or is the semi-detached house only supposed to be 110 sqm? To estimate what you can pay for the plot, it is also essential to know how much the house will cost you all in all. And 1 to 1.5 years you can simply forget. How exactly do you imagine the schedule? So that someone can bring you back down to earth.

Insanity that the 200 sqm plot costs more than the shell

Go back to start and read this forum.

1 to 1.5 years is completely unrealistic. A prefab house already has a two-year delivery time after the planning is finished.

Standard land values and the actual value of the property are currently less meaningful.
Either pay or just watch.

What does your financial framework look like?
400k for a semi-detached house in this location will be tight, especially if all incidental costs are already included.
Because keep in mind that foundation, water connections, kitchen, garden, etc. quickly take another 100k.

What I want to get at is, if you only have 900k then the plot is too expensive for you.

Am I mistaken or is the property currently not developed? The 50k demolition costs would then have to be factored in and considered as a depreciation in the property price.