ᐅ The situation in the real estate market... unbelievable
Created on: 12 Nov 2019 18:29
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Reinhard84.2R
Reinhard84.212 Nov 2019 18:29Hello everyone,
We are currently looking for a property in the Lower Rhine region, which is not a particularly sought-after area, but unfortunately, the prices are not any better than in eastern Germany. When calling several real estate agents, they mentioned up to 50 viewings scheduled for one property. This was for a standard semi-detached house with a somewhat larger plot. I get the impression that as soon as a house has a garden bigger than a chicken coop, the interest is incredible.
Of course, the municipalities are not designating any new building land, as that would spoil the surroundings… (to what extent that is still possible is left to their imagination). This naturally has the convenient side effect that existing building plots and older properties are insanely expensive.
You can probably wait half a lifetime for the supposed recession, falling prices, and available properties. It’s all frustrating and a real pity.
Thanks for listening.
We are currently looking for a property in the Lower Rhine region, which is not a particularly sought-after area, but unfortunately, the prices are not any better than in eastern Germany. When calling several real estate agents, they mentioned up to 50 viewings scheduled for one property. This was for a standard semi-detached house with a somewhat larger plot. I get the impression that as soon as a house has a garden bigger than a chicken coop, the interest is incredible.
Of course, the municipalities are not designating any new building land, as that would spoil the surroundings… (to what extent that is still possible is left to their imagination). This naturally has the convenient side effect that existing building plots and older properties are insanely expensive.
You can probably wait half a lifetime for the supposed recession, falling prices, and available properties. It’s all frustrating and a real pity.
Thanks for listening.
Winniefred12 Nov 2019 18:38Well, this is the case in many locations. By the way, it also applies to parts of eastern Germany.
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nordanney12 Nov 2019 20:29Where and what are you looking for? In the Lower Rhine region, there are still quite a few options available at reasonable prices.
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Mottenhausen12 Nov 2019 23:16Reinhard84.2 schrieb:
Unfortunately, the prices are not comparable to those in eastern Germany either. However, even here it only applies to locations “somewhere in the middle of nowhere.” As soon as a small town within driving distance is reachable, prices only go in one direction... upward. Demand exceeds supply, and that’s when prices start rising rapidly. The often-mentioned East-West equalization is definitely happening right now in the real estate market. Please do not generalize the TV documentaries about dying villages in the most remote corners of Lusatia to the entire “east.”
My parents built a semi-detached house around 2000/2001 in the Lower Rhine region. It’s located in one of the charming towns with about 25,000 inhabitants right on the Rhine, not far from the A3 motorway.
Back then, the property cost 178,000 DM from the developer. It was a 1.5-story building without a basement, covering about 100sqm (1,076 sq ft) with a few extra features, but still a semi-detached house.
When I think about it, nowadays you can’t even get a two-room condominium for that price (90,000€).
Back then, the property cost 178,000 DM from the developer. It was a 1.5-story building without a basement, covering about 100sqm (1,076 sq ft) with a few extra features, but still a semi-detached house.
When I think about it, nowadays you can’t even get a two-room condominium for that price (90,000€).
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