Property: Opportunity or Burden?

I wonder, though, which place it is where €200/sqm is considered expensive now (combined with 40km distance to FFM). It must then be east of GN.

Doesn't matter at all. Whether it's a new development area of the municipality or private: for €16.50 you don't even get the development.

Oh, that's what you mean. Yes, there's something to that. We paid €23.50 with development.

The land itself is basically worth nothing or the seller practically pays on top. And this definitely affects the value of the house standing on such a piece of land

I see that very differently. Land is always valuable, even at the North Pole. Some find it valuable precisely there for various reasons. It's always the question whether you find a buyer at the desired price. That's basically crystal-ball gazing anyway because who really knows what the future will bring? In the end, they build a highway or an airport next to your residential area. Prices go down the drain. Others are lucky. They have a big field and the municipality declares it building land. Suddenly they are millionaires.

Building a house as an investment? I wouldn't rely on that. Then you have to have five at different locations. ;)

I wonder, though, which place is supposed to be expensive at 200€/sqm now (paired with 40km distance to FFM). It must then be east of GN.

Maybe Wächtersbach, Gelnhausen is definitely more expensive!

Best regards
Sabine

Wächtersbach is cheaper, GN is about 200, roughly the normal price.

What does your wife say about it? First of all, it is dead capital, so you are at least losing daily interest. You have to ask yourselves the question of the career. Is it about the job itself (development in the profession)? If career = 400€ gross in 6 years, I would have chosen Heimat a long time ago.

A previous poster mentioned earlier that the market situation is currently tailored to many prospective builders looking for a mini plot with little or no equity in order to be able to build somehow. The real estate agent confirmed this to me as well, and the city is also prepared for it.

Not exactly tailored for that, but the market "works": plots of a "convenient" size are even being divided to become as small as the wallets of their potential buyers - even if only a bowling alley semi-detached house fits on them. Stamp-sized plots, where the garden is merely a leftover of ground area (and even that facing a suboptimal cardinal direction), are still desperately sought after. Not because living as a tenant would be really bad, but just to participate in a phase of cheap construction financing.

What does your wife say about it? First of all, it is dead capital,

That's why my suggestion is to build on it. With a house that you like yourself, in terms of layout etc., but which is also attractive for tenants.