Berlin in a lack of living space: tenants in the luxury trap!
Berlin in a lack of living space: tenants in the luxury trap!
Much of the population lives for rent in Berlin, but there is growing concern about the lack of affordable living space. Many rental apartments are misused or left empty as speculative objects, which leads to an acute lack of living space in the metropolitan areas. A particularly disturbing example of the displacement of tenants is the project at Schönleinstraße 19 in Kreuzberg, known as "Schöni19". Here the new owner plans to build luxury apartments. The Friedrichshain-Kreuzberg district had intended to exercise its right of first refusal to protect the tenants. However, the Senate refused to release the necessary funds.
The right of first refusal can be applied as part of the milieu protection to protect tenants from repression by luxury renovations. However, this right was restricted by a judgment of the Federal Administrative Court in 2021, which led to a decline in the pre -bought houses in Berlin. However, the district sees opportunities to exercise the right of first refusal in this special case, although the costs for construction and renovation measures are around 311,000 euros and the purchase price is around 1.4 million euros. Disappointed, a spokesman for the house community said about the cancellation of the Senate and his failure to help the tenants, such as Berlin Live reported.
Current developments on the German real estate market
experts like Michael Schlatterer from CBRE also lead bankruptcies in the construction industry and continued immigration as factors for the lack of housing. The ZDB building industry association expects only 250,000 to 255,000 completions for 2024, which is far below the federal government's goal of 400,000. Gröbel identifies three main factors for the rental increase: the increasing demand, the relocation from the acquisition of ownership to the rental market and income growth through inflation. A study by the German Institute for Economic Research shows that the rental increase is accelerated and exceeds the previous real estate boom.
in Germany still live more people to rent than in property, with an owner rate of less than 47 percent, the lowest in the EU. Although buying prices are increasing moderately, many potential buyers are shouting. The price differences in real estate with old heating techniques are also interesting, which can be up to 20 percent cheaper due to the renovation costs. Despite the sunken building interest, experts such as Philipp Niemann from McMakler consider a new real estate boom to be unlikely, which underlines the slow recovery of the market, such as Investment Week explained.
-transmitted by West-Ost-Medien
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