ᐅ The situation in the real estate market... unbelievable
Created on: 12 Nov 2019 18:29
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Reinhard84.2
Hello 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.
11ant schrieb:
How I can be an East German without ever having lived in the GDR is something many people will never understandPlanned detachment from reality is definitely on the rise, just look at Björn Höcke. He still managed to get 23.4% in the state election. East German at heart, or something like that.
He tore down the wall about as much as the dope.
I’m starting to wonder if sudden widespread prosperity has broken out in the country. Houses in the Mainz/Wiesbaden area, for example, are selling like hotcakes despite outrageous prices. Even old terraced houses in rural villages are going for 400,000 (e.g., Stadecken-Elsheim/Nieder-Olm). Apparently, it’s mostly high earners and self-employed people active here – or quite a few are simply overstretching themselves...
Nordlys schrieb:
Just not an island like Sylt or something, At least an island should be considered better than a Hallig.
guckuck2 schrieb:
Planned loss of touch with reality is really on the rise, Unfortunately, you’ll have to be enthusiastic about that on your own; I don’t agree.
guckuck2 schrieb:
An East German at heart, or something like that.
He fought down the wall about as much as he hoped to. Oh, don’t speak ill of KITT’s owner!
Yeah, East Germans in the blood, but not in the sense of the Alternative for Dumb people. We had already crossed over before the wall was built, which is why I was born and settled on the Rhine, although that doesn’t erase my origins. The fact that you don’t shed that identity in exile is one of the things the less informed West Germans don’t get. This wall in people’s minds—“only East Germans who had to dream of tropical fruits and personally scratched the wall” count as real East Germans—that can’t be blown away even by the Winds of Change. East Germans are NOT a product of the GDR; this kind of people existed long before!
Maschi33 schrieb:
Apparently, only high earners and self-employed people are active here—or quite a few people simply take on too much... More the latter—and someday the assets of the bad banks will all be dumped on the clearance table—I’m waiting calmly for that in my rental apartment, if you know what I mean...
https://www.instagram.com/11antgmxde/
https://www.linkedin.com/company/bauen-jetzt/
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Pinkiponk17 Nov 2019 10:36Nordlys schrieb:
I need to go to the harbor later, to see the ship, breathe in the smell of fish, seaweed, and eelgrass. I believe you are quite lucky.
Maschi33 schrieb:
I’m starting to wonder if there’s suddenly been a surge of wealth in the country. Houses in the Mainz/Wiesbaden area, for example, are selling like hotcakes despite outrageous prices. Even old terraced houses in villages are being sold for 400,000 euros (e.g., Stadecken-Elsheim/Nieder-Olm). Apparently, only high earners and self-employed people are active in the market now—or quite a few people are simply overextending themselves... More and more properties are being inherited these days, and in many cases, parents are helping their children to manage the leap into owning a home. Need an example? When my colleague’s grandmother passed away, her half-timbered house in the village was worth only 80,000 euros. Of that, my colleague received 60,000 euros as a gift from his inheriting parents to use as equity. He then had no problem paying an inflated 320,000 euros for his own house. After all, it wasn’t his own money.
My guess is, without parents, grandparents, an inheritance, or civil servant status, it will soon be nearly impossible to buy, at least in metropolitan areas.
Jean-Marc schrieb:
My colleague received 60,000 of that as equity gifted by his parents, who inherited it. He then had no problem paying an inflated 320,000 for his house. After all, it wasn’t his money. My parents supported me as well – just the additional purchase costs alone are a huge amount, especially when a real estate agent is involved. I find it quite dismissive to write as if it doesn’t matter just because family helps out.
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