Reviews: Building land as expensive as never: Demand for residential property remains high

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who is looking for a suitable property for their own four walls in Germany must grab deeper than before in the pocket. As the Federal Statistical Office in Wiesbaden announced on Thursday, the prize for building land in Germany has reached a new high last year. A square meter of built-in land cost 2020 average 199 euros, in 2010 the price still had 130 euros.

Ein Einfamilienhaus nach dem Richtfest. (Symbolbild) © dpa A detached house according to the topping-out ceremony. (Symbol image)

Depending on the state and municipality, there are great differences in the prices for building land. Basically, the average purchase values ​​with the municipal size are increasing: in communities with less than 2000 inhabitants, a square meter of building land cost 71 euros last year. In the 14 largest cities with at least 500,000 inhabitants, buyers had to pay an average of 1213 euros - that is 17 times.

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Demand for property Unbroken

Nevertheless, demand for residential property remains unbroken at a high level. This occupies the current issue of the study "Living in Germany", which published the association of the Sparda banks in cooperation with the Institute of the German Economy, his advisory subsidiary and the Institute for Demoscopy Allensbach in May 2021. Stefan Mittmann, branch manager of Sparda-Bank West in Cologne, can also confirm the central findings of the study for its location: "Low interest, a great demand and a scarce offer, these are still the relevant factors in the real estate market that follows through The Corona crisis is only slightly impressed. "


Video: Building land was so expensive as never before (Glomex)

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This development feels the Sparda Bank in Cologne also with the mortgage lending, one of its most important business areas: the new business was after the first half of 2021 at 69.4 million euros. For their own four walls you have to invest an average of almost 2700 euros per square meter in Germany. In Cologne it is significantly more expensive. Here a purchase 2020 hit with an average of 3866 euros per square meter to book. From 2005 to 2020, the purchase prices in Cologne doubled almost. In Germany, prices climbed by 75.3 percent over the same period.

"Property prices are renting high"

Despite the price increase of Building Land, the number of building permits granted in North Rhine-Westphalia has increased in the first half of 2021. The buildings in NRW have approved more than 30,500 new apartments during this period. This corresponds to an increase of 6.6 percent compared to the same period of the previous year. A total of 26,354 apartments are to be created in new residential buildings and 3566 by construction measures on existing houses such as the expansion of top shots.

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tenants are therefore likely to look forward to new living space in the most populous state. At the same time, the price increase for building land also ensure the location on the housing market, explained the industrial union building Agricultural Environment (IG Bau). "Building land is a huge cost driver in housing construction - land prices do the rents tower," said the Union Chairman Robert Fehr. The new federal government must therefore feed a bar for speculation with construction plots, he demanded.

Real Estate and the associated building plots may be regularly sold tax-free after ten years. Due to the acquisition of large housing packages in so-called Share Deals, ie the purchase of a share in the real estate holding company instead of the property itself, the basic employment tax can also be circumvented. Such practices would have to be prevented in the future, explained above. (with DPA and AFP)

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