Current Evaluation - Leipzig monthly costs per unit - 200 euros per month - half for credit, half for living costs

[Dante-Gabryell Monson]

Dear friends,

Current Evaluation - Leipzig costs per unit :

100 euros per month for paying the credit on the purchase and renovation, 

100 euros per month for paying living costs ( not adapted to inflation )

3000 euros for entrance fee on unit purchase.

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credit for building purchase + basic renovation : 75 euros a month on 10 years, without cost of interest.

running cost at current rate ( without counting inflation ) , around 90 euros a month per unit.

Total cost per unit per month: more then 200 euros when including interest ( or 165 euros without interest ),

to be adapted to inflation over a period of 10 years,

after which it are only the running costs. ( hence half the price )

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The costs for Leipzig, for a livable environment,

paying taxes, paying all costs and credit, excluding heating,

in relation to the purchase, and one time costs for first renovation ,

is more like 75  euros per month per flat ( 50 square meters ),

+3000 euros to start with / entrance fee.

In addition, I estimate based on the info I have,

another 25 euros a month per flat for taxes, water, and electricity,

and 1000 euros per building per year for insurance - hence an additional 10 euros a month per flat.

For heating costs, I imagine an additional 100 euros per flat for half of the year,

hence 50 euros per month per flat ( unless solar panels or biomass, and isolation such as new windows, can be investments that can reduce such ongoing costs )

Hence 160 euros a month for a 50 square meter flat, over 10 years,

to become an owner.  

( The 75 euros monthly credit repayment does not include the cost of the 3 percent interest.

Perhaps some of you can calculate this better then me - I just estimate an additional 40 euros a month for such interest. )

So its more like 200 euros a month till paying off the credit ( without counting inflation for the 90 euros of fixed costs )

after which costs are around 90 euros a month ( in current euro estimates - without counting inflation, which will make this figure raise  )

for maintaining all basic costs for living

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Or for one building, that is 2000 euros a month for 10 years, and 30 000 euros to start with.

If one has the cash for not taking a credit, its 120 000 euros to start with + 900 euros a month ( in current prizes, without counting inflation ) for the building.

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A model taking into account credit, even with interest, for a basically renovated building,

is feasible for people from western europe, if they have a wage or if they are on minimum state support. ( providing there are 2 people sharing the costs for one unit / flat ? )

, although for non-germans it means additional difficulty and cost of needing to keep an address in their country, and moving between the two.

It may also be possible for retired people from western europe... ( as their retirement can be taken abroad ).