Property purchase / financing in the current situation - yes / no?

I quite often differentiate, but I appreciate that people participate here :) and many questions interest me, even if they do not directly concern me, for which I want to thank with my "Like". A "Like" is appropriate anyway for answers. And yes, I also often read "just a nice word" and am happy about it. :) Basically, I am relatively easy to enthuse. And no, I don’t smoke/s. ;-)

It is only difficult for me when a post is really good, but I seem to perceive an underlying aggression. Then I usually don’t know what to do.

As can be seen from my many "Likes," I agree with the opinion of my predecessors and share their arguments.

But then your first quote, so the latter one here, is rather relatively not really what you wrote. :p I just wanted to point that out :cool:

You don’t just like (nice, beautiful) posts, you apparently like every post you read ;) I just wanted to point that out :p

Our bank discussions all went in the direction of "it's still doable, but you have to ask yourself if you really want to pay this monthly" – it was completely different six months ago (only the two house banks first made the topic of ownership appealing to us because they naturally like to finance a civil servant).

So what has developed further now? Interest rates have risen again, of course. But are you buying the plot? And with what parameters are you currently estimating the construction costs? The land itself will definitely be feasible..

No, there is nothing new. On Friday, we had calculated what 500k would cost us monthly over 15 years fixed interest. That comes to just over 2,000 euros per installment. We have inquired about construction costs with a well-known architect based on the development plan and our wishes. He comes to 450k (without planning costs included), although he admitted that currently no fixed prices are coming from the companies he works with. That means if we started now, we would need at least 500k credit without a buffer included. Given the impossibility of fixed prices, we would not want to take the risk. Especially since interest rates are still rising, and the rate from Friday would probably be a thing of the past by the time we could present a concrete project. And we don’t know whether we should hope that the situation will ease within 3 years and that at least concrete calculations will be possible again. Unfortunately, all forecasts currently look bleak. We don’t believe that the municipality will extend the development period, although for example my home municipality (about 200 km from here) is currently giving all builders who buy this year 1 more year to wait out the situation a little. And one more comment on the current situation: In the neighboring municipality of "our" plot, there is also a large development area, where 60% of the plots have been available since March. They cost between 100-140/sqm – so they are not that expensive either, but the situation is probably putting many off at the moment.

but the situation is currently deterring many.

I watched a short report yesterday about the financial situation of those currently wanting to build: it is simply not feasible for those calculating at the moment :(

I watched a small report yesterday about the financial situation of those currently wanting to build: it is simply not easy to manage for those doing the calculations at the moment :(

Yes, I expressed myself incorrectly there. For most, it is a question of financial feasibility.

The sad thing is that in the building areas I am talking about, explicitly only "young couples and families" should be allowed to build. And exactly this group currently cannot afford it because, due to the training or junior staff situation, there is often little equity available and the income is lower - unless one is wealthy from the start/has inherited. And that probably does not apply to most.

I watched a small report yesterday about the financial situation of those currently wanting to build: for those who calculate, it is simply not feasible at the moment :(

Would you like to share where/how one can find the report?