Land value too low - therefore no approval for construction financing

I still don't understand (was der TE mir sagen will).

Addendum... unless it’s the Parkstraße or the Liebentaler Weg, I wouldn’t see a reason to pay 50 euros/sqm in Liebental. Maybe if it’s immediately around the two city lakes, otherwise the land value per sqm ranges from 6! (no typo) to a maximum of 38 euros. I find a more than 20% surcharge already significant.

The problem could really be that you live in the middle of nowhere.

But I am fascinated how the OP says only 40 minutes to Berlin... it’s probably only to the Berlin city limits. And I’m surprised how cheap it is there. Within a 50km radius of Cologne or Düsseldorf you can’t get anything for that price at all.

But on Google there is a scientific paper about "Modell regionaler Lageeinflüsse auf den Wert von Grund und Boden", published in 2005 but still with DM data, coincidentally this district north of Berlin with Liebenwalde. Then you can understand it well.

But I stick to my point: Somehow the argument doesn’t hold, as land value is right pocket, left pocket, unless overpriced.

Tip for the OP. Call the [Gutachterausschuss] for your municipality and ask about market value deductions. Maybe you will then already get your answer about the value of the house.

Called there and they don't know the term "Wertmarktabschlägen". Do you generally mean how much a house plus land is worth on average there?

No, he means "market value discount," that is, a general discount after determining the object's value.

However, something like that would be directly priced into the land value and applies more to the secondary real estate market. But even here it should be included in the market value. This approach can be used when determining value according to the cost approach.

And I can imagine that the appraisal committee for the region does not want to know anything about this (negative interpretation for the region). And that is something one wants to avoid.

Have you by now understood the difference between standard land value, lending value, and market value of a developed property?

No, market value discount means that there can be adjustments for houses depending on the calculated value. For example, the luxury villa in the deepest (structurally weak) east at the A... of the world. Anyone who builds a villa there for a million has to expect the house to lose value immediately upon completion. How much can be told to you by the market value discount - provided the expert committee lists it. A few years ago I had an extreme case myself, where the valuation calculated a house at a million. Then came the market value adjustment of about 40% (if I remember correctly), because simply no houses were traded for that price in the area (it was a very rural area). In that case, a collector's item.