Is building a semi-detached house sensible despite low equity with a long loan term?

Yes, prices are going crazy. A few years ago, acquaintances almost made seven figures from a 60s end-terrace house in Germering.

Forget the comment. People don’t cut potatoes with a knife either (and there used to be a practical reason for that)


See, then it’s possible.

Forget the comment or drive through areas with high per square meter prices and look at the houses. Then you’ll have your own picture. Why is that? No idea.

Why is that? No idea.

This sums up the value of the advice well.

Should a house be built with all sorts of tricks on a property where the square meter costs >1000€, but it is only a 280sqm towel, fulfilling a "favorable" house/land ratio?

All nonsense. And just because everyone else is doing something, you don't have to join in. Location is everything, and if you want to invest more money in the location than in the house itself, that’s understandable and perfectly okay. If I put a 300k house on a 500k plot, that’s my business—if I want to live exactly there and the budget only allows it that way, that’s smarter than giving up the location in favor of a more expensive house.

And why do others do it differently? No idea! Their own fault, their own stupidity.

Expensive location often does not mean a better location, but is often determined by scarcity (little space). Usually, it is better to detach from this and build elsewhere. Because of 4km for our property, we would have had to pay 500,000 euros more, practically no difference or advantage.

I would also consider the factor of value development: Is the property expensive because it is the last spot among many luxury villas (then the value rises, but tends to be below average, as it may already be too expensive) or is the property expensive because all properties are simply expensive - and that does not change either (extreme example Munich).

I don't mind if the plot of land is more expensive than the house. In some regions, the price per square meter is simply that high, so why would you then have to put a more expensive house on it?