The demand for building land in the region remains high.
The result: the prices for land rise and rise.
How rapidly this development is progressing can be seen in the building sites that the municipality of Peiting intends to sell in the new building area on Drosselstrasse.
Peiting
- How great the demand for building land is in Peiting is made clear by the list of interested parties that is kept in the town hall. There are over 300 names on it. After all, ten of them should soon be able to realize their dream of owning a home on Drosselstrasse. As reported, the municipality wants to break new ground with the five semi-detached properties and work with a property developer. He builds the ten semi-detached houses and then sells them either as an "extension house" or turnkey to the builder according to the local model.
In the latest meeting of the municipal council, it was now about the price that the buyers have to pay for the communal land.
This is normally based on the valid land value.
However, this was last determined at the end of 2018, said managing director Stefan Kort.
At that time it was 270 euros per square meter for residential building land in the northern part of the municipality.
"Since then, however, a lot has happened in the real estate market."
Increase of 36 percent compared to the old standard land value
In order to take this development into account, the administration had pulled out the pocket calculator. “We consider an increase of 36 percent to 367 euros per square meter to be justified,” Kort told the committee of the result. That corresponds to an increase of around 1.2 percent per month, he calculated. An experienced expert whom the community consulted came to the same conclusion. In order to get to the regular sales price, however, the development costs of 50 euros per square meter included in the land value would have to be deducted, which would be charged extra, added Kort. Rounded up to an even number, you end up with 320 euros / square meter. For building applicants who meet the conditions for discounted building land within the framework of the award procedure,the price is 256 euros for the square meter.
“A 36 percent increase, that's not without,” the manager admitted.
However, one must consider that significantly higher prices for Peitinger properties are being called on the free market.
Not to mention other regions in the county.
"In the corner of Weilheim you can laugh at over 320 euros."
Property developer passes property price on
This prompted Thomas Elste (Greens) to ask how to react if the new standard land value is perhaps even higher than assumed now. Norbert Merk (CSU) also saw this danger. In Peiting, the development of building land prices has so far been below average. The CSU Council feared that the price spiral would continue to turn because the company was opening up more and more towards the greater Munich area. Therefore, unlike the expert and the administration, he is assuming a significantly higher increase.
Mayor Peter Ostenrieder did not share this concern. "I am sure that we are correct with the calculation." Especially since the municipality itself has no interest in pushing the building land prices up further, he reminded. After all, you want to offer the citizens the cheapest possible reason. Christian Lory (Independent) and Tobias Eding (SPD) also agreed. Waiting for the new standard land value would also mean delaying the allocation of the building sites, Kort pointed out.
In the end, the municipal council set the sales prices against two votes, as proposed by the administration.
The plots are next acquired by the property developer, who in turn undertakes to pass on the agreed price to the buyers of the semi-detached houses - plus a maximum of five percent for the incidental land acquisition costs.
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