Why don't construction prices go down?

Why do you live in this completely broken country with a moribund economy, a desolate currency, an imminent horror scenario and what not, when you have known for at least 20 years where and how it works better – no... perfectly? Why haven’t you long ago become king or some other mogul in Romania, Tonga or Belize with your knowledge?

Currently, I am planning to jump ship. I am still tied here for a few more years because of our child. But it is foreseeable anyway. Not because of Germany, but simply because of the weather. I am currently looking for a property in the Mediterranean region. I am flexible. Cyprus, Croatia, Greece, Italy, maybe also Turkey. A small house with a sea view.

Italy is extremely interesting. Properties there are very cheap. Croatia, my actual favorite, has become too expensive. I would have even built anew there, but I lack the suitable plot or the financial means.

The sun and warmth, as well as the mild climate, are very good for the body in old age.

In Italy, you can also clearly see how real estate prices can drop. But there is no rush. I am watching the developments and will strike at the right time.

And to come back to all the smart alecks who fell on their face 25 years ago with foreign currency loans or capital-forming life insurance policies tied to property. Nobody talks about them today, who then also sunk a few hundred thousand euros additionally.

Not to mention all the West German speculators who were taken for a ride with East German junk properties.

And even if it doesn’t make the news, the German industry is on the brink of collapse. Even large corporations face the end. In my environment, Baywa and the Raiffeisen cooperative have just fallen apart. And this is just the beginning.

So, enough rambling. I have to go to bed.

Currently, I am planning to make the jump. I am still tied here for a few years because of our child. But it is foreseeable anyway. Not because of Germany, but simply because of the weather. I am currently looking for a property in the Mediterranean region. I am flexible. Cyprus, Croatia, Greece, Italy, maybe also Turkey. A small house with a sea view. Italy is extremely interesting. Properties there are very affordable. Croatia, my actual favorite, has become too expensive. I would have even built new there once more, but I lack the suitable plot or the financial means. The sun and warmth as well as the mild climate are very good for the body as you get older. In Italy you can also nicely see how property prices can fall. But there is no rush. I will wait for developments and strike when the time is right.

Man, up to this point I’m reading from Dr. Jekyll, almost sounding reasonable, although this kind of search based on price or cheap living is probably more of a flop. You need less money there, but first and foremost the respective foreign language, otherwise the Krugerrand coins will quickly be gone; plus a strong interest and understanding for the completely different social and cultural sensibilities. Rent yourself a holiday home for a few months first; after 6 months it will be clearer whether it can be more than that. From here on, someone pressed the button of the blender again, ufff...

And to come back once again to all the smart alecks who fell flat on their face 25 years ago with foreign currency loans or capital-forming life insurance policies. Nobody talks about those today who then also lost a few hundred thousand euros additionally. Not to mention all the West German speculators who were conned with East German junk properties. And even if it doesn’t make it into the evening news, the German industry is on the brink of collapse. Even large corporations are facing extinction. In my environment, Baywa and the Raiffeisen cooperative have just collapsed. And this is only the beginning.

To then finally come to deserved rest here with a spark of self-awareness and battered, exhausted resignation. Good night, prospective emigrants... Hungary is also gladly taken among like-minded people, everything is good there, they say.

So, enough rambling. I have to go to bed.

Currently, I am planning the jump. I am still tied here for a few years because of our child. But it is foreseeable anyway.
Not because of Germany but simply because of the weather. I am currently looking for a property in the Mediterranean region. I am flexible.
Cyprus, Croatia, Greece, Italy, maybe even Turkey.

Haha. We have been reading only one thing from you for months: The euro will collapse, it is an unstable currency.
And you want to move precisely to the countries known for overwhelming national debts or hyperinflation.
You couldn’t make it up.

And you want to move to precisely the countries known for overflowing national debt or hyperinflation.

I couldn't care less where I have my retirement residence. My currency is neither the Turkish lira nor the euro. It shall be sun and sea. And the more inflation there is and the higher the loss in value, the better for me.

I don't see fueling rising real estate prices with ever higher loan amounts and ever longer terms. But the endurance to suffer still seems high enough. We are now talking about sums around 1 million for what is now a normal single-family house. That is no longer normal.

I don't see fueling the rising real estate prices with ever higher loan amounts and ever longer terms.

I thought you saw the price collapse and even gave an example of it? Changed your mind again?

But the capacity to endure still seems to be high enough. We are now talking about amounts around 1 million for what is now a normal single-family house. That's no longer normal.

That was also said in the 70s, 90s, 2000s, etc. – just with different prices but also different incomes.

we are now talking about sums around 1 million for a now ordinary single-family house. That is no longer normal.

- How many median annual net salaries is that?
- What percentage of the median net family income per month is the installment?
- How many square meters per capita are being bought?
- What kind of technology is installed in the house?

How have these four points developed in recent decades and in which direction?

All things one would need to know to assess whether something is abnormal.
The number alone tells you absolutely nothing.