Why don't construction prices go down?

Hey new here, go shovel some snow ;)

For your 400,000 EUR you can currently get the 600m² plot in the commuter belt of Hanover.

Which commuter belt do you mean? I would say I live there and paid 220 euros per sqm in the new development area - that was in 2022... Village with a train station next to the small town (just under 8 km) and everything you need is there.

But building a house on it for 400,000€ (KfW40, 140 sqm) won’t work either, the price level here is too high for that. Without everything that is outside (garden, garage, paving) maybe - with own effort.

Gehrden for example, 600m², 300,000. Seelze currently has no plots listed, but one might get close to 400,000 there.

Here in Sachsen-Anhalt you’re 20km from the big city in the countryside at 50, 60 EUR/m². In Burg, a small town on the A2 maybe 100. Just as a comparison...

Gehrden for example, 600m², 300,000.
Seelze currently has no plots listed, but you could probably get close to 400,000 there.

Phew ok... Both are still much closer, especially to Conti and VW. I live on the other side of Hanover, it's more rural there!

And when it comes to building. [...] Only connections and what you can do counted. A craftsman could build a house more easily than the doctor.

Even though I do not agree with the majority of the posts by the quoted commentator and have always lived in West Germany myself, I confirm this statement. He is right, as my husband, my in-law family, and some friends and acquaintances from East Germany (completely normal, non-conspiratorial people) have repeatedly told me and confirmed.

He is right about this, as my husband, my extended family by marriage, as well as some friends and acquaintances from East Germany (completely normal, non-conspiracy-theorist people) have repeatedly told and confirmed to me.

Are you trying to imply that I am abnormal and a conspiracy theorist?

Currently, the economic situation and probably also the condition of the banks must be seen as critical. Strange things are happening. At the moment, everyone seems to be very nervous.

Currently, my personal credit limit from my broker has been reduced from 250,000 euros to only 1,000 euros. I can now only get the 250k after a personal review by an employee. Until now, this was possible without any review.

The review of credit securities of my customers now takes place monthly instead of semi-annually. Also very strange and above all laborious.
It is also becoming increasingly frequent that financing requests are being rejected.

It seems that a banking crisis is looming here.

And even though there are still some who dream of falling interest rates here. The market determines the interest rates and not the wishes of homebuyers.
I fear the market will soon force central banks to raise interest rates.