Plots
Building land
building-ready plot
The dream of owning your own home starts with finding the right plot of land. However, searching for a buildable plot can be complex. Learn how to take advantage of regional price differences, optimize your financing, and avoid hidden costs. Do you need support in your search? Contact us for a free consultation.
The market for ready-to-build plots is dynamic and characterized by regional differences. A detailed location analysis is crucial to determine the optimal time to purchase.
Factors such as land value reference, development level, and soil condition significantly influence the property price. A careful examination of these aspects is essential to avoid unexpected costs.
Digitalisation and sustainability are shaping the future of construction. Utilise innovative technologies and environmentally friendly materials to make your construction project future-proof and potentially reduce building costs by up to 10%.
Overview of the Current Market Situation
The market for development-ready land is dynamic and influenced by various factors. Currently, prices are expected to stabilise from 2025, following declines in some regions. However, a long-term annual increase of 1-2% is forecasted until 2035, making the acquisition of building land still appear to be a solid investment. It is important to closely monitor current developments to determine the optimal time for purchase. The current price developments and forecasts should therefore always be kept in view.
Regional Differences and Their Significance
The prices for development-ready land vary significantly between different federal states. For instance, significantly higher prices are to be expected in Hamburg compared to Thuringia. There are also large differences within cities, such as between Munich and Berlin. These regional differences make a detailed analysis of each location essential. Information on international land prices can also be helpful in developing a better understanding of pricing. Knowledge of regional particularities is crucial for a realistic assessment of land prices.
Key Factors for Price Development
Various factors influence the price development of development-ready land. These include demand in urban areas, the degree of infrastructure development of the land, as well as soil quality and standard land value. A high degree of development and good soil quality can significantly increase the value of land. The standard land value also plays an important role in valuation. It is advisable to carefully examine these factors when searching for a suitable building plot. The regional price differences are also an important aspect.
Short-term vs long-term trends
In the short term, buying opportunities may arise due to price declines in certain regions. These declines can be influenced by various factors such as economic fluctuations or decreased demand. However, in the long term, prices are expected to rise, especially in urban areas. This trend is reinforced by the increasing demand for housing and the limited availability of building land. It is therefore advisable to take advantage of short-term opportunities to secure a ready-to-build plot in the long run. The current price developments provide insight into both short- and long-term trends.
Impact of macroeconomic factors
Macroeconomic factors such as low interest rates, high demand, rising construction costs, and housing shortages significantly affect the price development of land prices. Low interest rates facilitate the financing of construction projects and increase the demand for building land. Rising construction costs make building more expensive and can dampen demand, while housing shortages drive up prices. It is important to consider these factors when planning a land purchase. The current land prices are strongly influenced by these factors.
Construction industry forecasts up to 2030
The construction industry faces major challenges. By 2030, climate change and strict environmental regulations will significantly impact the sector. Technologies such as AI, automation, and 3D printing are expected to revolutionise construction processes. At the same time, the demand for living space per person will increase, and the ageing population will require age-appropriate housing. The shortage of skilled workers will continue to pose a problem. From 2025, a revenue increase of 1.9% is expected, particularly through energy-efficient refurbishments. However, the federal government continues to miss its target of 400,000 new homes per year significantly. The forecasts for the construction industry show that the framework conditions will change significantly in the coming years.
Price Ranges in Different Federal States
The prices for building-ready land vary significantly between the federal states. Bavaria, Hesse, Bremen, and Baden-Württemberg are among the most expensive regions, while Saxony-Anhalt, Thuringia, and Mecklenburg-Vorpommern are the cheapest. These differences are due to various factors, such as economic development, population density, and the availability of building land. Therefore, it is advisable to consider regional price differences when searching for a suitable building plot. The regional price ranges are an important aspect of budget planning.
Urban-Rural Divide
There are also significant price differences within the federal states between urban centres and rural areas. In urban centres, prices are considerably higher due to better infrastructure and a wide range of job opportunities. Rural areas offer cheaper prices, but there is also lower demand. Those willing to accept longer commutes can acquire a building-ready plot at significantly lower prices in rural areas. The urban-rural divide is a crucial factor when choosing a location.
Examples of Regional Price Differences
To illustrate regional price differences, here are a few examples: In Hamburg, the average plot price is over €1,000/m², while in Thuringia it is under €100/m². Even within cities, there are large differences: In Munich, prices in central locations are significantly higher than in the outskirts. These examples show how important a detailed analysis of each location is. The regional price differences should be considered when searching for a building plot.
Bodenrichtwert und seine Bedeutung
Der Bodenrichtwert dient als Orientierung bei der Bewertung von baureifem Grundstück. Er wird von den Gutachterausschüssen der jeweiligen Kommunen ermittelt und gibt den durchschnittlichen Wert für unbebaute Grundstücke in einer bestimmten Lage an. Allerdings sind die Bodenrichtwerte nicht bindend, und individuelle Grundstücksmerkmale können den Preis beeinflussen. Es ist daher ratsam, den Bodenrichtwert als Ausgangspunkt zu nehmen und weitere Faktoren bei der Bewertung zu berücksichtigen. Der Bodenrichtwert ist ein wichtiger, aber nicht alleiniger Faktor bei der Preisermittlung.
Development Status and Development Costs
The development status of a plot significantly affects its value. A developed plot has connections to public electricity, water, sewage, and road networks. The development costs can range between 7,000 and 10,000 EUR, depending on the location and scope of necessary works. An undeveloped plot is generally cheaper, but subsequent development can be expensive and time-consuming. Development costs should be taken into account when budgeting.
Weitere wertbeeinflussende Faktoren
Neben dem Bodenrichtwert und dem Erschließungsgrad gibt es weitere Faktoren, die den Wert eines Baugrundstücks beeinflussen. Dazu gehören die Ausrichtung des Grundstücks, die Bodenbeschaffenheit, die Grundstücksgröße und der Grundstücksschnitt. Eine gute Ausrichtung kann die Sonneneinstrahlung optimieren und den Energieverbrauch senken. Eine schlechte Bodenbeschaffenheit kann zusätzliche Kosten für die Gründung des Hauses verursachen. Auch die Größe und der Schnitt des Grundstücks können die Bebaubarkeit beeinflussen. Es ist ratsam, diese Faktoren bei der Besichtigung eines Grundstücks sorgfältig zu prüfen. Unsere Informationen zur Grundstücksbewertung geben weitere Hinweise.
Equity and Financing Terms
For favourable financing, you should ideally contribute 20-30% equity. This reduces the risk for the bank and leads to better conditions. Compare offers from different banks to get the best effective annual interest rate. Solid financing is crucial for the successful purchase of a construction-ready plot. The financing information assists you with planning.
Additional Costs When Buying Property
When purchasing a building plot, there are additional costs besides the purchase price. These include surveys, notary fees, and property transfer tax. These additional costs can amount to 12-15% of the purchase price. It is important to consider these costs in your budget planning to avoid financial surprises. The ancillary costs should be taken into account in the financing.
Strategies to Reduce Costs
There are various strategies to reduce costs when buying a construction-ready plot. These include joining building owner communities, utilising leasehold rights, and participating in foreclosure auctions. However, these strategies carry risks and require careful examination. Another option is to purchase a plot in a less sought-after location. The cost reduction strategies can help you stay within budget.
Purchase in Rural Areas
One way to reduce the cost of a building-ready plot is to buy in rural areas. Prices here are generally much lower than in urban areas. However, you need to accept that commuting distances to work and leisure facilities are longer. If you're willing to accept these limitations, you can purchase a building plot in rural areas at an attractive price. The regional price differences are an important factor in the decision-making process.
Consider Small Plots
Another cost-saving strategy is to buy a small plot. Small plots are generally cheaper than large ones and also reduce land transfer tax. However, when planning your house, you need to consider that you have less space available. If you are willing to compromise on the size of your house, you can save a lot of money with a small plot. The size of the plot significantly influences the price.
Buying Land Without a House
Purchasing a plot without a house can also reduce the transfer tax. If you buy a plot with an old house, you have to pay transfer tax on the entire purchase price. However, if you buy a plot without a house, you only pay the transfer tax on the value of the land. This can be particularly interesting if you plan to build a new house. The purchase of a plot without a house can reduce the tax burden.
Housing Crisis and Its Impact
The housing crisis in Germany presents a significant challenge. The federal government has fallen well short of its target of 400,000 new homes per year. This leads to a shortage of housing and rising rents, particularly in urban centres. The crisis also affects the market for development-ready plots, as the demand for building land remains high. The housing crisis influences the entire real estate market.
Shortage of Skilled Workers in the Construction Industry
Another issue is the shortage of skilled workers in the construction industry. There is a lack of qualified craftsmen and construction engineers, which leads to delays and increased costs in construction projects. The shortage of skilled workers also affects the market for development-ready plots, as the development and building on land is made more difficult. The shortage of skilled workers is a challenge for the entire industry.
Opportunities in Economically Weak Areas
Despite the challenges, there are opportunities in the market for development-ready plots. In economically weak areas, prices are often lower than in urban centres. Here you can acquire a building plot at an attractive price and benefit from support programmes. Plots with a high need for modernisation also offer opportunities for price negotiations. The economically weak areas offer opportunities for savvy buyers.
Digitalisation and Sustainability
Digitalisation and sustainability are set to significantly shape the future of the construction industry. Building Information Modelling (BIM), robotics, 3D printing, and AI-based planning tools will enhance the efficiency and quality of construction projects. Sustainability will also play an increasingly important role. Energy efficiency, renewable energy, and environmentally friendly materials are becoming standard. The digitalisation and sustainability are important trends for the future.
Sustainability: A Must for Future Construction Projects
The integration of energy efficiency, renewable energy, and environmentally friendly materials is crucial. Certification systems like DGNB set high standards. Marcel Burgstaller (istraw) calls for increased support for companies in the area of climate-neutral construction. Significant investments and grant programmes are needed to advance sustainability in the construction industry. Sustainability is a crucial factor for future construction projects.
Forecasts for 2030
Forecasts for 2030 indicate that climate change and strict environmental regulations will profoundly impact the construction sector. AI, automation, and 3D printing will revolutionise the industry. The demand for living space per person will rise, and the ageing population will require age-appropriate housing. The shortage of skilled workers will persist. It is important to adapt to these changes and seize the opportunities presented by digitalisation and sustainability. The forecasts for 2030 provide an outlook on the future of the construction industry.
The purchase of a building-ready plot is an important step towards your dream home. It is vital to gather comprehensive information and consider the various factors that influence the price. With the right strategy and careful planning, you can acquire a building plot at an attractive price and realize your dream of owning a home.
Auctoa revolutionizes the assessment of properties and plots by utilizing state-of-the-art automation and AI-enhanced human expertise to provide precise, certified, and market-relevant valuations. Our unique blend of advanced AI and experienced human assessment guarantees the highest precision and speed in determining the true value of real estate.
Are you ready to take the first step towards your dream home? Contact us today to initiate personalized consultation and explore the possibilities for your project. Learn more about our services and how we can assist you in finding the ideal building-ready plot. Register for free and receive an immediate initial estimate for your property's renovation needs.
The Federal Ministry for Housing, Urban Development and Building provides information about land development and measures to create more housing.
Wikipedia offers a general overview of building land, its definition, and legal framework.
What is meant by a ready-to-build plot?
A ready-to-build plot is a piece of land that can be developed in accordance with public regulations. It has secured access (roads, water, electricity, and sewage connections) and is designated as building land in the land use plan. This allows for immediate commencement of construction.
How do I find the right ready-to-build plot for my building project?
Finding the right ready-to-build plot requires a careful analysis of your needs and preferences. Consider the location, size, layout, soil condition, and degree of development of the land. Use online portals, estate agents, and the appraisal committees of municipalities for your research.
What costs should be considered when buying a ready-to-build plot?
In addition to the purchase price, there are additional costs when buying a ready-to-build plot, such as land transfer tax, notary and land registry fees, and possibly estate agent fees. These additional costs can amount to 10-15% of the purchase price. Also plan for development and preparation costs.
How is the value of a ready-to-build plot determined?
The value of a ready-to-build plot is usually determined based on a comparative valuation or the standard land value. The standard land value serves as a guideline, but individual characteristics of the plot can influence the price. Auctoa provides precise and market-oriented valuations through AI-supported analyses and human expertise.
What financing options are available for buying a ready-to-build plot?
There are various financing options available for the purchase of a ready-to-build plot, such as construction loans, mortgages, and government funding programs (e.g. KfW). Compare offers from different banks and make use of funding opportunities to reduce your financing costs.
What role does soil condition play in the purchase of a ready-to-build plot?
The soil condition has a significant impact on construction costs. Rocky or contaminated soil may incur additional costs for building foundations or clearing contaminated land. Have a soil survey conducted before purchase to minimise risks.
How is the housing crisis affecting the market for ready-to-build plots?
The housing crisis is leading to high demand for ready-to-build plots, especially in urban areas. This is driving prices up. In structurally weak areas or for plots requiring modernisation, however, opportunities may arise for savvy buyers.
What future prospects are there for the market for ready-to-build plots?
Digitisation and sustainability are set to shape the future of construction. AI, automation, and 3D printing will revolutionise construction processes. Use these technologies to make your construction project more efficient and sustainable. The ageing population requires age-appropriate housing, opening up new opportunities.
