Well, if you go that far back.. My parents built about 22 years ago, 280sqm fully basement. For the time quite upscale with fireplace, underfloor heating, balconies.. etc... for about €150k converted
In the course of building our house, we sold our condo (profit=equity). We had nothing to give away here; if the market allows it, then it will be sold at that price. I'm not forcing anyone to buy my apartment[emoji6]
When I then see the prices on Immoscout, etc., I often get really angry.
That's true, but it is now generally known that Immoscout often offers the remaining junk at overpriced prices, which was unsellable under the table in private networks. Or offers where sellers have been persuaded by real estate agents.
If you compare Immoscout prices with market value appraisals from official forced auctions, you see that Immoscout prices are often 30% or more above the assessed market value.
On the other hand, one should question how often the Immoscout prices are actually paid. It is not uncommon for the financing banks to say: No way! - Overpriced - We do not finance! And then the property is sold to the second or third best bidder again. I have seen this happen frequently in my surroundings, also in metropolitan areas.
If you compare Immoscout prices with market value appraisals from official forced auctions, you can see that Immoscout prices are often 30% or more above the appraised market value.
The market value is not the market price, but the starting bid for the auction. I can only speak for our area (Benztown), but in the last two years all the somewhat interesting properties went to developers who competitively bid them up. They don't care if they pay 100,000 euros more for the property. If you then sell four semi-detached houses on the 700 sqm plot, you only have to charge 25,000 more per house. The market allows it...
If you have built yourself, you also understand a bit more why the prices on the used market are so high. With us, you can no longer get a new single-family house for under 650,000 euros. Usually, the price is significantly higher, often even over the magic million.
I am curious to see how this will continue, [das Baukindergeld] will do its part.
I'm curious to see how this will continue, the Baukindergeld will do its part.
At these prices, Baukindergeld doesn’t make much of a difference anymore. What are 12-36k on a million, which, because they are paid out over 10 years starting about 1 year after construction, don’t even count as equity but only "just" for special repayment?