How to afford building a house and buying land today?

  • Erstellt am 2019-06-12 21:52:11

fragg

2019-06-13 14:26:05
  • #1
if you had a really reckless lifestyle now, flying to Vegas with the guys for poker once a quarter and driving your Porsche to work. Okay, I get it. I can't afford that and I’d be a bit jealous of that. But I bet a cookie that your life isn’t cooler than mine, but I have a badass house – you don’t. At the end of the day, you park your money at 0.01% in a savings account because funds are too risky for you, and you still drive a 10-year-old car.
 

Mycraft

2019-06-13 14:42:19
  • #2
Finding a buildable plot alone without making major compromises within Berlin will already be an adventure. The big players have been buying everything for years and are building entire settlements on it. Individual parcels change hands at sky-high prices and often do not even reach the open market but are traded under the table.
 

-XIII-

2019-06-13 15:07:42
  • #3
That's exactly how it looks. My wife and I also wanted to build in Berlin or the surrounding area, but by now there is always a well-connected developer, general contractor, or broker involved, which really drives up the prices. After months of searching, we have now gone a bit further out and actually managed to make a lucky find in terms of land.
 

Spike86

2019-06-13 15:36:25
  • #4


Yes, prices from back then are worth nothing today.

My parents paid 160k for the plot (650m²) + house (early 2000s) in Müggelheim (Berlin commuter belt). Today, for that price you might, but only might, still get the plot alone...
 

-XIII-

2019-06-13 15:57:47
  • #5
We just paid 180 euros/m2 17 km outside the city limits. At first I thought that was ambitious, but by now I've been proven wrong. For example, I met up with a friend from Frankfurt a.M. at the beginning of April and he just laughed at me when I started to play the heartstrings a bit because of it.
 

Lumpi_LE

2019-06-13 16:07:32
  • #6
Yes, that's clear. The demand also related to the fact that people have tied themselves to a 40-year commitment at 8% interest.
 

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