The real estate associations would like to support the German government in its efforts to build 400,000 new apartments per year, 100,000 of which are publicly subsidized. "The federal government has our full support in its goal of creating 400,000 new apartments every year in this legislative period. Because the framework conditions have deteriorated considerably once again due to massive price increases, rising interest rates, supply chain collapses, the discontinuation of the subsidy framework and other changes, it is now necessary to provide new impetus," says Oliver Wittke, Managing Director 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 Federation of the German Construction Industry (HDB), the ZIA has published a paper entitled "Ten steps for 400,000", which sets out a list of measures aimed at boosting residential construction. These measures include the deregulation of planning procedures, the provision of land for residential construction and the standardization of building regulations.
"We have great potential in cities to close gaps, increase density, add storeys to buildings and convert them. These are the adjustments that politicians could make to create new living space quickly and efficiently," says Carolin Hegenbarth, Federal Managing Director of the IVD. Among other things, this would require a significant increase in the proportion of building applications for existing properties and a simplification of approval procedures. Private builders and buyers, who account for almost 40 percent of building applications every year, also need "effective, intensive stimuli".
Source and further information: zia-deutschland.de
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