Future construction cost development in the next 3-5 years

The topic has come up so often lately and every time it drifts off into location factors, personal preferences, commute, interest rate developments, family planning, etc. etc.

My conclusion from this: you can already make many more mistakes in planning the construction project when choosing the building plot than you could make up for by catching the perfect time to build. Always remember: land prices only fall because people like you and me can no longer or do not want to build. That means you yourself do not benefit from the low prices anymore, since you are in the flock of prospective builders who have no more money. Or how else do you want to explain that no one wants to build, therefore the prices fall, but you yourself are the only exception who still builds?

I do not understand this question(s) either. Construction prices will not decrease. If anything, the price increase will slow down. However, the construction lobby will counteract this and maintain construction prices through new DIN standards and energy saving ordinance requirements.

You have to be a construction contractor....

If I had to bet, I would bet that house prices will fall in the next 5 years.

It feels like the prices for existing properties have already reached their peak.
1-2 years ago, I could hardly find anything under 500k around here. Now I keep seeing things at that price. But as I said... it’s just a feeling...

Everything depends on the interest rates... And I just don’t believe that such a low interest phase will last forever. The winner will be the one who has saved money well and can pay the lower house prices without having to worry too much about the interest rates. But not everyone can do that...

If I had to bet, I would bet that house prices will fall in the next 5 years.

It feels like the prices for existing properties have already reached their peak.
1-2 years ago, I could hardly find anything under 500k around here. Now I keep seeing things at that price. But as I said... it’s just a feeling...

Everything stands and falls with the interest rates... And I just don’t believe that such a low-interest phase will last forever. The winner will be the one who has saved up well and can pay the lower house prices without having to worry much about the interest rates. But not everyone can do that...

Really? Especially now that even the Americans have lowered their key interest rate for the first time in 10 years to avoid strangling the economy! I would have thought it couldn't go any lower, but as you can see, it can.

Really? Now that even the Americans have lowered their key interest rate for the first time in 10 years to avoid choking the economy! I would have thought it couldn't go any lower, and as we can see, it can.

Maybe... But you know, everything has an end... However, I would be very happy for the "now buyers" if I am wrong. Personally, I'm out of the equation anyway. So no horse in the race. And, one must simply not forget, people pay for everything! I recently talked with a friend about his, in my view, unnecessary cigarette consumption. I said that he would probably continue smoking even if a pack cost 6 EUR. Now, his already costs over 7 EUR for 24 cigarettes! So, based on some more or less profound research on the internet, I still think that interest rates will rise soon (-5 years). However, it would not shock me if it only happens in 7-10 years...