ᐅ Is the construction boom still ongoing?

If you exclude plots where a basement is practical, there are areas without houses. However, you won’t need to add a (utility) cellar there. Living spaces are possible without any compromises in comfort.

xMisterDx schrieb:

To be honest, I don’t think you have the right to set any rules for me 😉
A basement may sometimes actually be necessary, but what does that have to do with not complaining about prices?

You misunderstood. I didn’t set the rule, I only stated it. Such things are dictated by reality, and unfortunately, reality is extremely resistant to advice and far from democratic. And if complaining about prices actually led to them going down, then of course I would keep that in mind before every purchase ;-)

xMisterDx schrieb:

You’re not forced to build where a basement becomes necessary

In wishful thinking land, of course not—but where exactly is that, and how far would you commute from there to work?

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xMisterDx schrieb:

That's true. You mentally reduce the desired house size by 10-20%, skip the double garage, and suddenly the price increases from recent years fit in again, making it affordable once more.

It’s unfortunate when there isn’t much left to reduce. With 180 square meters (1,940 square feet), you can cut out 50 and still have a good house. At 130 square meters (1,400 square feet), downsizing only saves a little, and you won’t get anywhere near €80,000 (20% of €400,000) back anyway. It’s just like with the basement. You can create your own ideal world, or you can face reality and realize that it’s not that simple. Besides, for most people, rising construction costs aren’t the biggest problem—it’s the interest rates. There’s a big difference between financing at 0.7% or 3.5%.

WilderSueden schrieb:

It’s unfortunate when there’s not much left to reduce in size. With 180sqm (1,938 sq ft), you can cut 50sqm (538 sq ft) and still have a good house. At 130sqm (1,399 sq ft), downsizing gains you very little, and you won’t save €80,000 (20% of €400,000) anyway. It’s just like with basements. You can build your own little world, or deal with reality and realize it’s not that simple. Besides, it’s not the increased construction costs that break most people, but the interest rates. There’s a big difference between financing at 0.7% or 3.5%.

It is certainly a combination of construction costs, interest rates, rising energy and living expenses, and several other factors. It definitely isn’t just the interest rates. They have been much higher before, and people still built. ;-)

WilderSueden schrieb:

There is a difference between financing at 0.7% and at 3.5%.

When I see how construction is done nowadays, it’s no surprise. Everyone wants columns at the entrance and small villas instead of houses. I financed at about 3.5% but kept it modest. In the past, financing was also done at 7%. Just because interest rates were artificially below 1% for a while doesn’t mean this is the end.

Maybe many are simply on standby and want to wait and see what the winter will bring. We are all more or less like "a rabbit frozen in front of a snake."