Will the Energy Saving Ordinance from 2021 make new construction unaffordable?

Building is already unaffordable for the vast majority. A typical single-family house here costs nearly one million euros. Fifteen years ago, it was half that.

No one has a crystal ball and knows where this will go. But you need living space at some point and usually can’t wait even 10 years because it might be cheaper then.

Actually, massive tax cuts would be needed and wages should rise strongly >>10%. But our government prefers to send money abroad or give it to criminal clans.

In return, we are destroying the last German key industries and paying European debts. When everyone is unemployed, there will be many cheap houses on the market.

Chapeau!

Building is already no longer affordable for the vast majority. A normal single-family house here costs almost one million euros. Fifteen years ago, it was half that.

No one has a crystal ball and knows where this will go. But you need living space at a certain point and usually can't wait even 10 years because it might be cheaper then.

Actually, massive tax cuts would be necessary and wages would have to rise sharply >>10%. But our government prefers to send money abroad or give it to criminal clans.

In return, we are destroying the last German key industries and paying European debts. When everyone is unemployed, there will be many cheap houses on the market.

Chapeau!

A bit too many fake news. If you mean the loans for, for example, Greece, Germany also benefited from them. Germany (by the way the European leader in this regard) has benefited from the currently low interest rates with around 370 billion euros since 2007. (Compared to the interest levels back then). This doesn't even include loans/credits for citizens and companies. That construction prices have risen massively is beyond question; even I am sometimes shocked by this development. But if you look at other European countries, either the economy is significantly weaker than ours or there are cities/regions where prices have undergone a similar development. Take a look at London – that surpasses Munich many times over.

Fits here somehow: Just read the forecast from the [German Institute for Economics] in our local newspaper => increase of 4.5% in 2019 and another 3.5% in 2020 predicted. A newer/tighter [Energy Saving Ordinance] would of course heat things up again, but certainly not to the extent the bank advisor says. With the nonsense he’s spouting, I’d quickly look for a new one.

Apart from the fact that a sip from the wage pot (which would undoubtedly be important) also makes building even more expensive. The people there also want to be paid.

Be that as it may: Since the German governments have been actively destroying the euro since Schröder (out of stupidity, not intentionally), a scenario described by Bookstar can happen. Some jobs will go down the drain if the euro collapses. Which then raises the question of how the mortgages will be paid...