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

  • Erstellt am 2022-06-13 10:57:06

Yosan

2022-06-23 10:39:43
  • #1
I work in a municipal administration and would like to share my perspective regarding plots of land with a building obligation. Yes, you can reclaim the plots if they are not developed, of course. But: 1. in the current times, the next owner will not immediately have a house built either, so if an owner can credibly assure after 2/3 years that they will actually build within the next few years, most municipalities will not buy back the plot and resell it, because that does not result in a house being built any faster and only causes unnecessary stress. 2. plots are only bought back if there is certainty that they can be resold promptly. If the current trend continues as feared, depending on the location, it may well be that plots will no longer sell like hot cakes in the next few years, and then a municipality must carefully consider whether it can justify financially (in front of citizens, supervisory authorities, etc.) that unplanned expenses were incurred due to a buyback and that the costs may not be immediately covered again through resale. Therefore, in the current situation, I consider this a realistic problem only in truly desirable areas. In rural areas, municipalities are likely to regularly be willing to accommodate.
 

fuchsbau22

2022-06-23 10:47:28
  • #2


I have also thought that the new owner would then again have 3 years. I don't know how that helps the municipality. The plot is, as said, 15 km from the nearest city, but is itself located in the countryside in a municipality that has so far been among the less popular ones (here everyone always wants to be in the southern district of the city, which is why plots in the north are significantly cheaper).
 

Pinkiponk

2022-06-23 11:00:37
  • #3
Is there "actually" some kind of sales obligation for municipalities? I ask because my brother-in-law and his wife bought a plot from the municipality in postal code 5635x/Rhineland-Palatinate for a relatively high price and were the only builders in the new development area for several years. After the municipality was still unable to sell the plots at the desired price after years, prices dropped enormously and meanwhile all building plots have been sold and developed. My brother-in-law suspected that there might also be legal obligations for municipalities to sell plots in designated new development areas after a certain period. (My sister-in-law actually marched to the municipality years after their purchase and asked if she could get money back because the plots had become so inexpensive and they had to pay an excessive price. It was worth a try, but of course she did not get any money back.)
 

ypg

2022-06-23 11:13:35
  • #4
That should have been on Tue 8:15 PM Marktcheck on SWR? It was just a part segment.
 

WilderSueden

2022-06-23 11:33:16
  • #5

Why should there be? Until a few years ago, it was common in many areas that a new development area was sold over several years and not, as in more recent times, immediately and often oversubscribed.
 

Yosan

2022-06-23 11:37:04
  • #6
I'm not entirely sure, but I don't think there is a sales obligation of that kind, but in the case you described, I can well imagine that the municipality is financially rather strapped and at some point reached the point where income was needed (possibly the supervisory authority also put pressure there) and since there are principles regarding the order in which financial means are to be generated, for example, debt is not always legally possible if there are still a bunch of plots lying around that can be sold.
 

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