Interest rate development current situation. Build now or wait?

  • Erstellt am 2021-02-10 16:34:34

Tassimat

2021-02-18 20:35:16
  • #1
And now please calculate the interest savings for the loan. The monthly payment probably hasn't even changed.
 

WilderSueden

2021-02-18 21:00:40
  • #2
Whereas the interest savings can only be projected into the future to a very limited extent. It will not go much lower than 1%. Construction costs, on the other hand, will certainly continue to rise.
 

teh_M

2021-02-18 21:04:15
  • #3
You're not entirely wrong, I hadn't thought of that at all. Everything is very contrived now (Interhyp interest rate chart) but if you only enter the construction costs into the calculator and take a 10-year nominal interest rate with a 25-year term, then I come to: 2015 with 225k€ costs and 1.70% interest = 921€ 2018 with 256k€ costs and 1.27% interest = 992€ 2021 with 296k€ costs and 0.75% interest = 1082€ That fits better with wage increases.... If you had now saved 1100€ per month against rising construction costs from 2015 onwards, you would currently have a rate of 822€ with a total requirement of 225k€. I would have still preferred to build in 2015 and enjoyed the cheap follow-up financing in 2023 ;) That would be 146k€ remaining debt at 0.75 with the same term and 840€ rate.
 

ypg

2021-02-18 21:04:56
  • #4
Why save? I agree with you about the cost increase. Within 6 years, that's 70,000€ (according to your numbers, but probably also for many others). We moved in in 2014. The financing is based on about 100,000 equity. If I had left that idle and wanted to build today, I would certainly face higher house and construction costs, but with my collective wage increases (average income, public service – so not a hefty collective wage increase) and the downward adjusted interest rates in construction financing, I could now afford even more house despite the higher costs. Without further saving of my equity.
 

Alcedo atthis

2021-02-18 22:53:57
  • #5

I read through another thread about the search for a plot of land in my area.
I really find it amazing that people move here. I never liked this place. I also think the lake right outside my door is just terribly overcrowded. Still, I only managed to get 3km further. I have always been drawn to the north. The air, the sea, and the better salary. Well, it’s that different. But somehow it’s nice to read that others find it so beautiful here. Sometimes you can’t see the forest for the trees. :)
 

Alcedo atthis

2021-02-19 06:20:41
  • #6


Exactly those are my concerns. A few years ago, a friend still bought his plot here for €80,000. Today, plots of this size are being sold for about €300,000. With my parents-in-law, the plots were sold for €80,000 two years ago and currently for €140,000.

The same applies to rents. Not to mention that there are no apartments available. We searched for our current apartment for 2 years back then. We got it because I had already told the realtor on the phone, “we’ll take it.” Currently, we have been searching for 3 years already. It’s a catastrophe.
 

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