ᐅ Only one-third of the new apartments sold 1.5 years after the launch
Created on: 7 Jan 2024 11:27
T
TorstenKandt
Hello everyone,
I am considering buying a condominium in Düsseldorf Benrath. The developer Bonava is building two apartment buildings with a total of about 90 units. Sales started in summer 2022. Currently, 1.5 years after the sales launch, the shell construction is completed, and the move-in date is scheduled for autumn 2024 (according to the developer, construction is fully on schedule). What puzzles me is that of the 90 units, only about half are currently “officially” on the market or have been listed on the website, and of those, only about half have been sold so far. So overall, only about one-quarter to one-third of all units have been sold, 1.5 years after the sales started and three-quarters of a year before completion. Bonava is also advertising extensively through Google Ads and has numerous listings on property portals like Immoscout.
Does anyone know if this is normal (in today’s market), and whether there could be any risk for me as a buyer if the developer does not sell all the units? As mentioned, the shell is finished, but windows, electrical work, and other installations are still missing.
Best regards
Torsten
I am considering buying a condominium in Düsseldorf Benrath. The developer Bonava is building two apartment buildings with a total of about 90 units. Sales started in summer 2022. Currently, 1.5 years after the sales launch, the shell construction is completed, and the move-in date is scheduled for autumn 2024 (according to the developer, construction is fully on schedule). What puzzles me is that of the 90 units, only about half are currently “officially” on the market or have been listed on the website, and of those, only about half have been sold so far. So overall, only about one-quarter to one-third of all units have been sold, 1.5 years after the sales started and three-quarters of a year before completion. Bonava is also advertising extensively through Google Ads and has numerous listings on property portals like Immoscout.
Does anyone know if this is normal (in today’s market), and whether there could be any risk for me as a buyer if the developer does not sell all the units? As mentioned, the shell is finished, but windows, electrical work, and other installations are still missing.
Best regards
Torsten
schubert7912 Mar 2024 18:50This form of allowed insolvency delay is the real scandal.Nonsense... no one is forced to buy the new shares. It's a completely normal form of capital raising.
schubert79 schrieb:
Nonsense… nobody is forced to buy the new shares. It’s a completely normal form of raising capital. The nonsense is that you link my statement to the buyers of the shares: of course, no one forces them, and they will not be held liable for that. But in the situation described earlier, raising capital serves to prolong insolvency (which in itself is a criminal offense).
https://www.instagram.com/11antgmxde/
https://www.linkedin.com/company/bauen-jetzt/