Standard land value = purchase price? - Who has experience with that?

Hello everyone,

I am 28 and currently live in BW renting with my girlfriend, who will still be studying for the next 2 years.

Our dream is to own a home - preferably as soon as possible ;-)

My plan is to start looking for plots of land now and buy one when I find a suitable one. I currently have equity of 40,000€. I put about 1500€ per month into my daily allowance account.

Now to my question: Is the standard land value also the selling price from the municipality (developed)? I checked... in my municipality it is between 160-180€/sqm. In neighboring towns, it is 130€/sqm.

Best regards

The only help is a look at immoscout or in comparable new development areas. €30 - €50 per sqm corresponds, however, both in % and absolute terms, to a huge surcharge. Does your place of residence have so much more to offer that it justifies such a surcharge?

My experience is that the standard land value x 2.5 is approximately the current market value.

But the formula is only rough and self-determined :)

The standard land value is only a look into the past. The municipality will regularly refer to these values. However, it can be different if the market value and the standard land value differ significantly.

I checked... in my municipality it is between 160-180€/sqm. In neighboring towns it is 130€/sqm.

Are both land value reference prices or is one a selling price and the other a land value reference price?

The land value reference price can vary significantly from place to place.

And rarely is the land value reference price equal to the selling price.

In the village where I am building, the standard land value is 120 EUR / sqm, in the newly developing residential area the sqm is set at 195 EUR.