Situation in the real estate market... madness

Hello everyone,

We are currently looking for a property in the Lower Rhine region, so actually not a particularly sought-after area, but unfortunately not cheap like East Germany either. During several calls with real estate agents, they mentioned up to 50! viewings scheduled. For a normal semi-detached house with a somewhat larger plot of land. I have the feeling that as soon as a house has a garden bigger than a chicken coop, the interest is incredible.

And of course, the towns do not designate new building land, that would spoil the surroundings... (to what extent that is even still possible is left to their imagination). Of course, this has the nice side effect that existing building land and old properties are insanely expensive.

You can probably wait another half a lifetime for the alleged recession and falling prices and available properties. Everything is annoying and also very unfortunate.

Thanks for listening.

Well, that's the case in many situations. By the way, also in parts of East Germany.

Where and what are you looking for? Actually, quite a lot is going on in the Lower Rhine region at still reasonable prices.

On the other hand, in East Germany there is still hardly anything available, at least in metropolitan areas and commuter belts and also in the holiday regions.

unfortunately no East Germany in terms of price either

But even here it already only applies to "somewhere in the middle of nowhere." As soon as a small town within driving distance is reachable, prices here also know only one direction... and that is upwards. Demand is greater than supply and it takes off. The much-vaunted East-West equalization is definitely currently taking place on the real estate market as well. Please do not transfer the TV documentaries about dying villages in the most remote corners of Lusatia to the entire "East"...

My parents built a semi-detached house in the Lower Rhine region in 2000/2001. In one of the beautiful 25k inhabitants [Käfer] right on the Rhine not far from the A3. Back then, the thing really cost 178k DM from the developer. Well, 1.5 stories without a basement on 100 sqm with a bit of trimmings but a semi-detached house. When I think that now you can't even get a 2-room condominium for that (90k€).