High construction costs with rising building interest rates

Hello everyone,

I need to get something off my chest, or rather start a discussion about house building costs. We, early 30s, normal salary, let's say together 5.5k net (solid training in trades & educator), live renting in the countryside. For a home nowadays, you’d have to pay at least 400k+, which makes a monthly rate of under 1500€ basically impossible. It has to be borne by two people, alone it gets difficult with ever-increasing additional costs. Existing properties are sometimes more expensive than new builds. How do you see this topic? Is it going to be increasingly difficult for the middle class to afford their own place in the future?

I say on the topic, isn’t one apartment enough anymore? 30 years old where has the money from the last 10 years gone? I had made a down payment on my first property at 30.

Good topic, clearly one apartment is enough, but ours is only big enough for two people and no children at the moment…. still sufficient for the next few years. In our rural area (NDS), there are hardly any, or if there are, only for rent. Rent is now going towards 1000€+, and for purchase there are basically only single-family houses… Money is available, almost 100k even, land is still affordable here, but it's all included in the minimum 1500€/month over 30 years. I often have discussions with older people here locally, the interest rates are still low… You shouldn’t complain so much. That's true! My parents financed a new build 25 years ago at 7%. However, with a similar personal contribution, they needed almost 200,000€ less.

For a home you would currently have to pay at least 400k+, which actually makes a monthly installment of under €1500 no longer feasible.....is to be borne by two people, alone it becomes difficult with ever increasing additional costs.

That is and always has been the case - except in the years when money had no price, which was an absolute exception.

Building a house, making a property beautiful, fitting out a house inside without lifting a finger yourself... that was only possible in the times of your parents, your grandparents, your great-grandparents for the top 10, 20%, if at all...

The houses being built today have little in common with those from the 80s. Neither in the equipment nor in the size, technology, etc.

1,500 EUR per month is doable and as a craftsman you can do a lot yourself?

We, early 30s, normal salary, let's say together 5.5k net (solid training in crafts & educator), rent in a rural area. To buy a home nowadays, you’d have to pay at least 400k+, which makes a monthly rate under €1500 practically unmanageable…..to be carried by two people, alone it becomes difficult with ever increasing additional costs.

Remaining 4000€, in words: four thousand euros, for your standard of living. So where is your problem?

My parents financed a new build 25 years ago with 7%. However, with similar own contribution, they needed almost €200,000 less.

Exactly! I could be your mother, because I bought my first house 25 years ago: small stacked, starter property used end townhouse with 150sqm garden and a parking space 150 meters down the road. 13 years later then built. But I can tell you: we never had 5.5k as skilled workers/officer, not even now. When we bought in 1999, we had 6000 DM, so about 3000€. You complain without reason. Look at those who have less than you!