But that the bank holds the hand over "your" property, is that a difference? You could also say "I can't ignore that although I am registered in the land register (as with the hereditary building right, by the way), the property actually belongs to the bank since they financed it.
I also personally find that very uncomfortable, but at least it can change over the years. I couldn't live well with a loan that I can never pay off throughout my life. It would come down to the same thing if I still pay 500€ for a loan in retirement or pay hereditary building rights fees. And for my descendants, it does make a difference.
Why? Property value 25 years ago T€ 100 - for that hereditary building right fee of 200€ monthly. Property value today T€ 400 - but maybe still hereditary building right fee of 200€ monthly. See if you can get a property worth T€ 400 today for 200€ monthly.
Yes, that's exactly it. The hereditary building right fee was 240€ in that case, which is of course a joke compared to the property value.
Yes, but in our case, the fully developed land now costs 98€ per sqm => about 70,000€. So for only 35,000€ extra, a (somewhat larger) plot belongs to me. So you really don't save much in that case.
In that case, hereditary building right would not be an option for me, for example. It looks different with land costs over 500k for 500 sqm. Then you have to consider it.
The topic of inheritance is important to me, but perhaps that is mainly because I can't really warm up to hereditary building rights. And this "has to be sold anyway" is at least not the case with us so far. Both of my parents have a net pension of over 2000€ and the co-payment for nursing care in a nursing home is not yet higher at the moment. But of course, you don't know how it will look in 40 years.
