Good morning,
my last post was already a month ago, and a little has happened that I want to share with you. We have activated our entire network, friends, family, etc. keep giving us hot tips. We also drove around neighborhoods, talked to neighbors, and dropped cards in mailboxes – sometimes with more, sometimes with less success. But something is happening.
In Naunhof directly, we are on the waiting list for the new area at Grillensee, and someone actually dropped out of a 1100 sqm plot. The company developing and marketing the area is unfortunately not very professional. I received an email with information about the plot and new availability, with all 8 interested parties openly in cc... it was communicated that a "first-come, first-serve" principle would be used – I replied 30 minutes after receiving the email. Later it was switched to a bidding war, the highest bidder gets the next clarification meeting. 1100 sqm plot, starting price €259,000 plus €15,000 development costs + VAT... in the end, we underbid the starting price (€210k all-in) and were kicked out. Why? The price per sqm seems very high to us, especially for the East region. The land value guideline is €140/sqm. Even my colleagues in Osnabrück and Bremen pay less for the suburban areas of their cities... A week later, we received another plot offer in Naunhof (which is 30 minutes from Leipzig, mind you), this time 750 sqm for €260,000 – again, we declined politely. Then the first plot would have been a bargain.
Do you Leipzig/Saxony people have experience with these, in my opinion, horrendous prices? Yes, supply and demand determine the price, but what is happening here seems insane to us. If we spend €300k on the plot, not much is left for the house on it :)
What do you think?