Will your house construction/house purchase prices increase due to corona?

  • Erstellt am 2020-12-17 11:09:57

ypg

2020-12-17 23:51:57
  • #1
Since I have already been living in my house for several years, I have no experience.
Our terrace roof was several hundred euros cheaper.

I don’t believe that prices will rise because of Corona, but rather that they will fall (except for the VAT).

When we get through this time, many will suffer economically; sooner or later, shops, service providers, hotels, and restaurants will close because our consumption behavior has adapted to online purchases at A*** or we were unable to use services. So everything will be even more extreme than it already is and was.
Those affected will not be able to afford a house in the near future, whether it is building one or paying off an existing one.
I believe there will still be quite a bit of downward adjustment in the coming years.
 

Tolentino

2020-12-17 23:57:17
  • #2
I don't believe so. Most of those affected couldn't afford a house before. The others are now fleeing from the cramped city apartment to the countryside. The prices will continue to rise, possibly even more than before.
 

ypg

2020-12-18 00:08:41
  • #3
Among those affected are also the group of additional earnings (retail, service), so that one can still afford their house. But we will see – luckily none of us have the ability to see into a crystal ball.
 

WilderSueden

2020-12-18 12:47:07
  • #4
I believe both are true. Small apartments or terraced houses with a small garden will no longer rise significantly and may even decline, partly because many people cannot afford them. On the other hand, some of these properties have recently been sold for prices equivalent to 30-40 years' rent, and that has to be recouped first. On the other hand, there is the group that can now suddenly work from home and is looking for something nice with a proper garden. 1.5 years ago, I wouldn't have wanted to move so far out because of the commute. But if you only commute 1-2 days a week, that's also okay; you just need a decent internet connection at home. This will certainly not slow down prices in the suburbs and rural areas. As a big unknown factor, there is also the monetary policy of the coming years. To significantly lower prices, interest rates would have to be raised considerably with all the consequences for highly indebted states, companies, and individuals. No one will want to take responsibility for that. It is more plausible that all the new debt will be reduced through moderate inflation (because taxes to pay it off are unpopular). Nobody is losing anything; the money is just becoming somewhat less valuable. There was an interesting article about this yesterday in the FAZ Wirtschaftsblog. If things go in this direction, house prices will continue to rise. Inflation is already present in construction costs.
 

WingVII

2020-12-18 16:44:14
  • #5
We received the final invoice on Tuesday. Nothing became more expensive for us despite the inspection. The VAT reduction, Bafa funding for the heat pump, and quite a bit of luck with the 20-year construction interest rates have made our house construction about €35,000 cheaper than calculated at the time of the construction contract conclusion (financing was only completed afterwards). We are still happy.
 

knalltüte

2020-12-18 17:15:32
  • #6
Oops, just received the final invoice by email, and it’s actually even cheaper than quoted over the phone :cool:. It is now exactly 10502 € net less than offered despite additional services. With the amount saved, I can almost pay for the shell of the pool.
 

Similar topics
09.01.2019Final invoice for shell construction (200 sqm, clinker, without basement, roof) ok?24
01.03.2020Final invoice with new (traceable) items19

Oben