How is the construction boom? Still there?

There have been vacant building plots in the NBG for months. No one would have thought that possible last year. Development drags on like chewing gum.

Also here, for new-build apartments in very sought-after locations, shell inspections are again being conducted by the developer. That hasn't happened for a long time. And when I was there on the open house day and walked through the entire building, half of the units had not yet been sold (each apartment was marked whether it was sold or not). The completion of the complex is supposed to be in about six months. A year ago, such projects were already completely sold out before construction even started. What can one conclude from this? The boom is not only coming to an end, but everyone who still wants to sell their building plots is now hitting the reality hard. Because now, a lot of private building gaps in good locations are even appearing on the internet. Apparently, it has become known that selling quickly is advisable now. But where there are more and more offers of plots and fewer and fewer interested builders, the time for the best price for a plot has long passed. Now people will want to quickly get rid of the grandchild's plot, but no longer at the increased price. And even in the surrounding development areas, many houses are already without scaffolding and close to moving in, but hardly any new ground slabs are being added. Now about one-third of the area is built up at every corner and in between, there are lots of free plots. Is it really nice to live in such a half-finished area for the long term?

The long-awaited new development area has been completed since spring. Not a single excavator has rolled in yet, although all the plots were once sold. Allegedly, the first ones have been returned. The home construction companies are no longer so optimistic and there are cancellations, says the reliable grapevine. Private environment, everyone is just passing the buck.

My trades all still have plenty to do, especially electricians who are like hitting the jackpot. The building plots that I see daily on my way to work are hardly progressing at all. One had greenery cut at the beginning of the year, since then "rest in peace." I know from my municipality that construction projects for new apartment buildings are currently halted. Square meter prices here are currently around €10 warm for renovated old buildings. (Dresdner Umland)

Is it really that nice to live in such a half-finished area in the long run?

Depends. Having a bit more space around definitely has its advantages, as well as the possibility to initially use neighboring plots for materials. On the other hand, I would like to know where the neighbor is building so I can plan the garden accordingly. And having noise from the neighbor’s plot again and again over the next five years is of course not so great; I actually expected we would only have to deal with it for one year. Although probably nothing will happen on our end for the time being. Two plots ended up with a realtor who wants to sell semi-detached houses there. Now a company from the Stuttgart area seems to be involved as well (they were there for a viewing appointment the week before last)... the semi-detached house in rural SIG will probably not go for less than 650k if both parties want a cut. But no one will want to buy it at that price, and as a rental property, it’s way too expensive then.

Near us, there is a new development area, whose 12 plots were allocated according to the local resident model with social key (i.e., income limits). The access road was started in the spring. But nothing further is happening there. And even my neighbors, who are well connected in the municipal council, supposedly do not know why progress has stalled. Otherwise, construction sites in the region would be ongoing here like on an assembly line.