Is purchasing a house on that scale feasible?

Single-family house built in 1999, 170 sqm including 60 sqm granny flat. Very well maintained condition. Costs: 340,000 euros plus additional costs = 380,000

Sounds like something rural. It will be quite unlikely to get a loan at all. Save up first so that you can at least get 90% financing.

I think that with your income you are not good savers. We have a bit more and by early 30s accumulated about 140-150K€ out of our own pocket. Still, we have lived quite well, with almost 2 vacations per year.

That would be way too much for me in your situation. It will become problematic at the latest when children arrive.

I think that with that income you are not good savers. We have a bit more and by our early 30s accumulated about 140-150k€ out of our own pocket. Still, we felt like we lived quite well with almost 2 vacations per year. For me, that would be way too much in your situation. It will become problematic at the latest when children come.

The comparison is completely unfair. Comparing early 30s with 24 and 27 who are at the beginning of their professional lives. I see your 140k€ more as the exception. You have to live very frugally for that. But to the OP, I also think this can quickly backfire on you. It just sounds like a deal that is too big.

I see your €140K as more of an exception. You have to live very frugally.

Anyone who wants a house on this salary should not see it as an exception, but as the only proper lifestyle. Anyone who already consumes diligently during the saving phase would miss something afterward. Better to buy an apartment or a mid-terrace house and have no other restrictions.

You are still quite young. A job change could still be on the table to boost your salary or career. A house, property, which as mentioned makes you immobile, hinders free development. Especially a used house consumes a lot of time – besides the garden. Of course, there are people who want to subordinate themselves to a house, but then more is saved faster, which is feasible with the salary. Seems like a spontaneous idea for you?!

I can only agree with my predecessors. I see the key point in the equity, a healthy financing is at 80% (and here it comes: of the "mortgage lending value"), i.e. pay all additional costs with equity.

My tip: you have a cheap cold rent. As long as you don't have children and no urgent space problems, use the time and continue to save to increase your equity, e.g. 1500 EUR per month makes 18k per year.