IG-Bau is calling on the real estate industry to look for alternative solutions in view of the difficult conditions for new construction, such as a shortage of materials. Among other things, the union is considering the conversion of vacant offices into living space as well as adding storeys to the roofs of residential buildings that were built in the post-war period up to the end of the 1990s. According to IG-Bau, roof extensions alone could create around 1.5 million new homes.
"It is fatal to put the brakes on new construction in a phase of growing immigration and increasing housing shortages. Anyone who then wants to cheerfully increase rents and even talks about it in public lacks any sense of social responsibility," says Robert Feiger, Federal Chairman of IG BAU. The real estate industry must live up to its social responsibility. In addition to constant rents and the extensive renunciation of rent increases, he calls for continuity in housing construction.
According to Robert Feiger, the real estate industry should not fall into a "comfortable lethargy": "It is of course comfortable for large private housing companies in particular to sit back and relax when they know that any shortage of housing on the market will ultimately lead to rising rents and therefore higher yields." However, this is a "very perfidious way of dealing with the crisis".
Source and further information: igbau.de
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