Stuttgart: Rental surprise to the festival - thousands of apartments more expensive!

Stuttgart: Rental surprise to the festival - thousands of apartments more expensive!

In Stuttgart, a worrying trend is emerging: Around 1,000 social housing that are owned by the Vonovia real estate group will soon be out of price binding. This means that these apartments can be rented out at significantly higher market prices from next year. The city administration sees itself as powerless in this matter, while Vonovia emphasizes the need for these measures to increase economic efficiency. Rolf Buch, the CEO of Vonovia, reported on his daughter's difficult search for accommodation, which, despite good training and income, met with considerable obstacles. "Nobody has to be afraid to lose their apartment with us," said company spokesman Olaf Frei, but the housing policy reality remains tense. as context reported , threaten the tenant: inside drastic rent increases.

vonovia’s expansion plans in Berlin

While rents are increasing in Stuttgart, Vonovia plans to create a new residential area called Housweses in Berlin-Treptow. A total of 319 rental apartments are to be built here, which are designed both socially and ecologically sustainable. This project was launched in 2020 to create a diverse living environment for different target groups such as families, single people and students. vonovia describes the vision as a place that is intended to enable a better microclimate with green roofs and rainwater infiltration. In addition, a social therapy concept of the Spi Foundation is also integrated in this district to support people in difficult life situations.

Developments related to Vonovia raise questions: While in Stuttgart the appropriateness of rents is moving into the background due to the market adjustments, the group in Berlin tries to polish up its public image with socially oriented projects. These contradictory approaches in the company's housing policy illustrate the complex balance between profit maximization and social responsibility.