How much income do we need for our home loan?

Have prices really nearly doubled so drastically in recent years?

Every year 5-10%

Have prices really almost doubled so drastically in recent years? Because from what I have read in online reviews about what houses cost, it was rather mentioned to be between 250k and 350k. For similar sqm.

It must have been only the house prices without additional construction costs and accordingly

Since 2009, market observers have recorded an average price increase of 4.3 percent annually; condominiums and land plots have become even more expensive.

from Spiegel-Online ..."The real estate industry in 2020 - Too much money is the problem"

As a rough guideline:

House: 170sqm * 2000€/sqm = 340,000€
Double garage: 30,000€
Basement: 50-70,000€
Additional construction costs: 40,000€

Totals approx. 470,000€ (excluding outdoor facilities and kitchen).
For this amount, depending on the region and provider, you get an average standard. Sometimes better, sometimes worse.

For every 100,000€ loan, you should have at least about 1,000€ income available. For the above amount, that is about 5,000€ per month. Although I wouldn’t feel comfortable with that. In our financing, the ratio is better and otherwise we wouldn’t have built.

So your savings rate is €3000 per month? Where did all the money go if your only equity is your property? That would be roughly the savings from one year. Do you have cars? I doubt the €1500.. especially in a region where rent costs €1500. Keep a household budget over a longer period.

€350k seems about right.. just without the basement, double garage, incidental construction costs, and the outdoor facilities.

I have been keeping a household budget for a year (or 1 year and 3 months) and I have been working exactly as long. We started with almost nothing since I was still studying and my partner was doing his PhD (50 percent position in the public sector). My partner has now been working regularly for 1.5 years. And when we moved into the rented apartment 1.5 years ago, we still had to install/buy a kitchen there. Our savings rate is about 3000 per month, yes. Maybe sometimes only 2700, but then when the bonus is paid out, it can also be 4000.

The rent is expensive here, everyone has a car. But food at Lidl costs just as much as in the cheapest area in Germany. Until 1.5 years ago, we lived on about €1000 after rent was deducted. I am used to not throwing money around.
But both of us have an offer from our current employer to move to our hometown. And we would like to do that, since my father is also ill and will need care in the foreseeable future. Besides, many friends etc. are there. I just don’t want to move into a rental apartment again, which basically burns money.

I stick to it, 1500 I strongly doubt. If both of you have a car, I doubt it even more. But be that as it may, that is your financing.

I still firmly doubt 1500. If you both have a car, I doubt it even more. But be that as it may, that's your financing.

Should I send you a bank statement now or what so that you believe me? Why should a car cause such immense monthly costs? We’ve also had 2 cars with significantly less income. It’s always a question of what you drive and how much. But much more than fuel, the 350 euros liability insurance per year, the MOT every 2 years, and a bit for wear and tear parts doesn’t come up. I generally don’t buy anything on credit, so there’s no installment payment either. And if the car breaks down, well, you get a new one for 3-5k. I don’t need to plan a savings rate for that. But we just had that for both of us recently because one car broke down 2 years ago and the other one 1 year ago. So very likely there won’t be a car purchase for the next 5 years. I pay around 2 tank fills per month, my partner one. That makes around 180 euros per month in total. Food including cleaning products/hygiene 300, phones together 17, internet/phone 20, 100 eating out, 80 sports, electricity 50, we have no insurances except car liability and personal liability (which corresponds to around 750 euros per year) that’s 63 euros per month. Almost nothing comes up for hobbies, since our biggest hobby is sports and cooking/baking. Around 100 euros per month goes to online shopping. Be it clothes or some household items, leisure items. Last year most went on vacation, but this year none will happen because I am doing further training and therefore have no time for traveling.