Intel i5-7200U is a dual-core. There's your problem.
Yup. Dual core, 2.5 GHz base with 3.1 turbo, but in a thin (15mm) laptop it will throttle quickly. 15W TDP. Only 3 MB L3 cache.
Any modernish machine -- including this one -- is fine for light development. Working on a web site, a single app, even working on the Linux kernel.
But for things such as (what I do a lot) compiling the entire GNU toolchain from binutils and gdb to gcc and libc, or LLVM you need something stronger. And even more so for compiling a complete Linux distro (even a cut-down one).
If you want to do this on a laptop then get a 14" or 16" MacBook Pro with the 12 core CPU option (8 "performance" cores). But you're not going to get that for 1000 euro/dollars.
Otherwise make or buy a mini-tower.
In name-branch systems a 1000 euro budget is probably just enough to get an 8 core i7-12700T like this...
https://www.pbtech.co.nz/product/WKSHDT5684827/HP-ProDesk-Mini-400-G9-Desktop-PC-Intel-Core-i7-12... and maybe bump the RAM to 32 GB. Note: NZ$1525 is 855 euro.
Maybe you can get a 12 core (12 proper cores, not P+E) by building it yourself, or getting a shop to custom build for you. I'd suggest the Ryzen 9 7900 as a CPU.
Most things like that go to gamers with lots of bling and lots of price. For software development you don't need the bling. Just the CPU, a decent amount of RAM (at least 32 GB), however much disk space you need, and the cheapest video card you can find.