Future construction cost development in the next 3-5 years

Since we continue to live in a low interest rate policy, there will not be much change in the construction costs for new buildings. Jobs will, if at all, be mainly influenced by digitalization, which is hardly to be expected for the construction sector. The quality will not improve here either. BIM in private house construction also does not bring a big difference, except for an increase in ancillary construction costs. Additionally, the technical building equipment [TGA] is currently a cost driver here and strongly shortens depreciation and lifespans of buildings.

In new construction, however, much is also determined by the client through the equipment itself. If one looks only at sanitary rooms, one can see the influence. Today, even single-family homes often have 2-3 bathrooms.

Operating costs and construction costs in existing buildings will actually change significantly, as the energy transition will become considerably more expensive, especially if the goals are adhered to.

What strikes me is that banks are playing along less and less. Developers need increasingly more time to secure their financing. The [KfW] is almost a "no-go" by now.

Real estate has become nothing other than stocks, and so one can just as well burn their money here.

It’s similar for me, I have a one way of 94 km and need about 1 hour for it.

I drive from Sachsen Anhalt over to Niedersachsen for that. I have also often considered looking for something here. However, I would easily earn 20k less per year here. Then a 40h week without overtime, where I am effectively away for exactly the same amount of time but work for free for the employer.

I’d rather drive an hour there and back and get a 38h week, overtime either taken off or paid out, collective agreement, works council, company pension scheme, home office and much more.

Why do I put up with this? I grew up here and feel totally comfortable there, plus the property was almost given away.

I also know people who have to drive from around Wolfsburg to the VW plant during rush hour in the morning and take 40 minutes for 20 km. :-(

I commute by train, less stressful & cheaper I don't consider that time lost either, because I "doze off," chat online, or read but yes, not everyone has a good public transport connection

Here we call it the highway It’s fairly quick too, but not relaxing. We’re already quite lucky there

Yes, and how comfortable and stress-free it is, you’ve seen in your other posts .....

When the train runs, everything is fine, but how often you have to wait, don’t get a seat, the bus you need afterward is gone ... is annoying

Yes, I don’t want to deny that. I was there once in July, and that was on the hottest day. My wife was driving along the A5 for a while at the same time. She complained almost every day because of stress, traffic jams, etc.

"Several thousand" is but a drop in the bucket compared to the size of the city.

Not if that corresponds to a vacancy rate of 1 or 2%... the crude oil price also quickly skyrockets in a tight supply situation if 2 or 3% of production suddenly disappear for political reasons...

I have to go up the stairs to work... during rush hour it sometimes takes 10 instead of 5 seconds... really annoying..