Is buying a house sensible in the current market situation?!

renovated according to our wishes (occupied by an elderly lady in recent years) and costs about 400K.

what is still negative for us: no direct access to the garden, no garage at the house, no parking space

A terraced middle house was never an option for us because of the cramped space and poor lighting; now we have looked at a few "modern" terraced middle houses that had floor-to-ceiling windows, were very well laid out, etc., and this offer made us start thinking.

In my opinion, the price/performance ratio for such "small" properties does not add up. Or do we simply lack the necessary imagination for terraced middle houses...

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Compare what you get locally for the price: there are no stairs inside the living space, but more roommates (usually above...), and co-determination, and usually no garden. Still that bad?

There is now the possibility that we could buy a property in our desired location. Entire plot. In addition:

Unfortunately, it is only a mid-terrace house, it would still have to be renovated according to our wishes (occupied by an elderly lady in recent years) and costs about 400K.

What is still negative for us: no direct access to the garden, no garage at the house, no parking space.
(I don't have more details yet, as it is still relatively fresh)

A mid-terrace house was never an option for us because of the cramped space and poor lighting conditions; now we have looked at a few "modern" mid-terrace houses that had floor-to-ceiling windows, were very well laid out, etc., and this offer made us start to think.

In my opinion, the price/performance ratio for such "small" properties is not right. Or we simply don't have the necessary imagination for a mid-terrace house...

Thanks for your opinions :)

It depends on the property as always. I have also seen cleverly designed terraced mid-terrace houses where I would have had to think twice – but also ones with poor lighting conditions, towel gardens, and zero privacy on the terrace. In the city, you can sell such a property quite quickly, but in the countryside, hardly anyone wants to live like that. You really have to look closely. My parents-in-law also live like that. Their neighbors are now gradually dying off, and the terraced houses, which are rather disliked by Germans, are being bought by so-called newcomers. The cultural differences and the spatial tightness are not a particularly happy combination, to put it mildly....