How is a 400k loan financible without equity? Net equity at €4,500

Unless it is an unattractive location, I would be surprised if all the plots are not gone within a very short time. Anyone who speculates on falling prices here can wait a very long time for that.

You can then report how quickly the plots were taken. I still remember the articles about the empty building areas in 2009, which only filled up many years later. Currently, you see asking prices, which here by the municipality were surely set many months ago. In 6-12 months, we will know more.

Since two major employers with IG Metall and IG Chemie collective bargaining agreements are nearby, there will probably still be enough interest despite the enormous price increase. However, those who do not live on one of these islands of the blissful will have a hard time. At that point, the child building grant doesn't help much anymore. The municipality has planned a "safety buffer" of 10% in the price for unforeseen additional costs (which will not be refunded if not incurred). This already raises the suspicion that corona-related revenue losses in trade tax are currently being passed on to home builders...

Since two major employers with IG Metall and IG Chemie collective agreements are nearby, there will probably still be enough interest despite the enormous price increase. However, those who do not live on one of these islands of the blissful will have a hard time. Even the Baukindergeld won't help much anymore. The municipality has planned a "safety buffer" of 10% for unforeseen additional costs in the price (which will not be refunded if not used). This already raises the suspicion that corona-related revenue losses in trade tax are currently being passed on to home builders...

Hi! I know where you come from and happened to read your post. Which neighboring municipality are you talking about? Best regards

Hi! I know where you're from and happened to read your post. Which neighboring community are you talking about? Best regards

Morning. I'm talking about Körle. The report on the new development area was in the HNA last week.

Moin. I am talking about Körle. The report about the new development area was in the HNA last week.

Unbelievable what prices in our region. Thanks for the info

There is already the suspicion that corona-related revenue shortfalls in trade tax are currently being passed on to home builders...

This is not reprehensible in itself. No one is forced to buy. Whether the municipality thereby fully meets its social responsibility is another matter.