How long did it take you to reach the construction decision?

Be patient, soon the stock market will tumble, and real estate prices will also come down. People will blame Trump, Putin, China, Brexit, but the truth is that everything is overbought. There are no workers, no free capacities, there is plenty of money, but too few goods and services. I don't mean butter, coffee, or dishwashers, but it starts with furniture, 12 weeks delivery time for a table, windows, construction steel, Ytong stones are scarce, heaters, faucets, etc. When the time comes and on [Weltspartag] the banks still hang a fund package around Ließe Müller’s neck, it will soon be time. Just stay calm, building will soon become affordable again. Karsten

Be patient, the stock market will soon tumble, and real estate prices will then also fall.... Just stay calm, building will soon become affordable again. Karsten

Stocks may fall. Real estate prices - at least in metropolitan areas - not really. Dreaming won't help either. Anyone who wants to wait until it gets cheaper will never buy anything.

Whoever wants to wait until it gets cheaper will never buy anything.

That may be, but: those who want to join in buying quickly out of fear also drive up prices – including for themselves

Every bubble has burst so far, and the [Immoblase] is huge and the bang will be loud! But as always, the timing ranges from tomorrow to 50 years from now, nobody knows.

When did we have a real real estate bubble in Germany?

People, be reasonable for once. When has there ever been a constant uphill? Never. Currently, commercial construction, civil engineering, multi-family housing construction, single-family house construction, renovation, and restoration are booming. Everything. And every price is accepted because the idea is there that tomorrow it will be more expensive. Value increase as an automatic process. If the stock market crashes, money disappears. The portfolio worth one million is then only worth 500 thousand. That already creates breathing room on the demand side. Above all, condominiums are in demand as a "Betongold" investment among stock market winners who don’t know what to do with their profits. Right now, they pay almost anything. A crash also creates breathing room in commercial construction; companies will first consolidate instead of building new facilities. The single-family house market is limited, not infinitely expandable, because land plots are missing. Thus, companies will have to struggle again for the limited contracts; stones and cement will become cheaper, etc., etc. It doesn’t have to become a real estate crash because Germans tend to finance with fixed interest rates, but a trend reversal can come.