Whether construction boom or buying frenzy - the times and the cycle have turned. The press review on the topic shows only - decline in building permits, vacant lots & returns in the construction areas, rising interest & energy+living costs - and falling prices or quasi unsellability in the existing stock. This now pretty much chokes off all normal projects. Very popular as an update of the headline objects in the portals - "New price"! In the previous 5 years, this never appeared in my filters, plus the shy removal, and after 4 weeks relisting with -50,000€, and after another 4 weeks -30,000€..
But if you occasionally play through a few values in the financing calculator and add the new contract price for electricity & gas, it quickly becomes clear why all this is happening. With house costs + incidental construction costs of 500,000€ and the costs for the land, there is quickly a loan requirement of 600,000€ (assuming equity of over 100,000€ is available). Last year this was still considered very healthy - today, with 10 years + 1% repayment [do you even get that anymore?] it would still be 2300€ per month, and the 1000€ energy costs come on top.