Housing shortage in Germany: 1.9 million properties are empty!

Housing shortage in Germany: 1.9 million properties are empty!

München, Deutschland - The situation on the German housing market is becoming increasingly precarious, while empty real estate is idle in some regions. In cities like Munich, the search for affordable living space has become a struggle for survival, while rural areas have numerous unused apartments. A contradictory picture characterizes the current housing shortage in Germany, which is due to a stagnating new building and a high vacancy.

A study by the Pestel Institute shows that around 800,000 apartments are missing nationwide. The government had optimistic plans to build 400,000 new apartments annually, but these figures have not yet been reached. Instead, more apartments were approved than were actually built. According to the Bavarian Minister Christian Bernreiter, there are two million empty apartments that are not rented for various reasons. Many objects often do not correspond to the standards or require comprehensive renovations that owners shy away.

lack of affordable living space in cities

In cities there is a frightening shortage of housing. While at the same time there are many real estate in rural regions, this also complicates the situation. "Every 23rd apartment in Germany is empty-that corresponds to around 1.9 million apartments," explains Matthias Günther, head of the Pestel Institute. This vacancy is not only an economic, but also a social problem.

Often the vacant apartments are in a state that requires extensive renovation to be habitable. Many owners find the renovation unprofitable, especially since they feel insecure in state requirements. One example is the controversial heating law, which stirs up additional concerns. The ambiguity of which heating systems will be allowed from 2024 and which penalties are at risk if the property owners are disregarded leads to hesitation and indecisiveness. In Munich, according to the latest data, over 22,400 apartments are unused, which further underlines the urgency of the new building.

political uncertainty and future measures

The uncertainties about future building regulations and climatic requirements help to invest less real estate owners in the renovation and renting of their apartments. Bernreiter emphasizes that the state should not interfere with the property of the citizens, as this could also have negative consequences for housing. At the same time, he rejects suggestions to reduce the real estate transfer tax for first buyers because they cannot find a broad political support.

Bayern introduces initiatives to improve the living situation, but there is a rocky path to normal. The Minister of Construction demands more reliability from politics to create a secure framework for construction projects. The current state of the real estate market, where unused premises and the lack of new buildings meet, requires quick and effective solutions. A rethink is urgently needed to cover the urgent need for living space. The situation remains tense, and it remains to be seen how this development will continue on the housing market, So the information from www.fuldaerzeitung.de .