Future construction cost development in the next 3-5 years

The only thing that can happen is that you might end up paying more interest to the bank and lose valuable time repaying if you wait, even though you actually wanted to start building now. Anyone hoping that building will become cheaper in the future is naive or has a pretty good crystal ball. Take a look at the construction price development over the last decades and what happened during the downturns in the construction industry. Furthermore, in my opinion, many construction financings in this country are much more solid than generally assumed. But the most important thing is that many Germans are doing very well financially, and as a result, demand will not collapse.

The crisis is already here and will become really noticeable in the second half of the year. Strangely, people are still talking about a economic downturn. Presumably, CO2 is currently more important than bread and butter.... In 2-3 years, this will also affect the construction industry. Land prices will definitely not go down anymore. But possibly construction costs. Quite certainly, some financings will also fail due to job losses. However, the number will not be so high that there will suddenly be a glut of properties on the market. The good locations will also not become cheaper in price.

Stagnation is the magic word. New construction will no longer be affordable, only existing buildings. Many unemployed.

Many pessimists here. Certainly industry-dependent. In the construction sector, there is an extreme shortage of personnel everywhere, whether craftsmen or engineers. Only the simple jobs for which workers from the Far East and South can be hired are sufficiently available. In addition, not only seemingly most employees are rapidly approaching retirement, but absolute chaos will break out in the coming years, worst of all in infrastructure. Interest rates will not rise, because the key interest rate would have to rise first. That cannot happen. I can agree with Bookstar, a new building will soon hardly be affordable even for the upper middle class.

is not just doom and gloom. Just look at what's currently happening in the automotive industry and all the suppliers. Bankruptcies, short-time work, job cuts... But this is the backbone of our prosperity. Every 7th job is directly or indirectly linked to it. In the south, probably every 3rd job. Only we Germans are foolish enough to saw off the branch we are sitting on.

Ah sorry was And it has to be "Rückgrat". Sh... typing on the phone.