The real estate associations want to support the federal government in its efforts to build 400,000 new apartments per year, 100,000 of them publicly subsidized. "The federal government receives full support in its goal of creating 400,000 new homes every year in this legislative period. Because the general conditions have once again deteriorated sharply due to massive price increases, rising interest rates, supply chain collapses, the elimination of the subsidy backdrop and other changes, it is now necessary to provide new impetus," says Oliver Wittke, Chief Executive Officer of the German Property Federation (ZIA).
Together with the German Real Estate Association IVD/Die Immobilienunternehmer, the German Association of Property Managers (VDIV) and the German Construction Industry Federation (HDB), the ZIA has published a paper entitled "Ten Steps for 400,000", which lists a number of measures designed to boost residential construction. These measures include deregulating planning procedures, making land available for housing construction and standardizing building code law.
"We have great potential in the cities to close gaps, to increase density, to add on to buildings and to convert them. These are adjusting screws that policymakers could turn to create new living space quickly and efficiently," says Carolin Hegenbarth, national managing director of the IVD. Among other things, this would require a significant increase in the proportion of building applications for existing measures and a simplification of approval procedures. Private builders and purchasers, who account for almost 40 percent of building applications each year, also need "effective intensive stimulus".
Source and further information: zia-deutschland.de
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