Real estate prices rise: This is how citizens react in the Ländle

Real estate prices rise: This is how citizens react in the Ländle

building societies boss warns of social explosives due to rising real estate prices

The increasing real estate prices are very concerned about the head of the Bausparkasse Schwäbisch Hall. According to Mike Kammann, these price increases have the potential to create "a massive social explosive". Particularly affected are those people who cannot fulfill their dream of their own four walls. This is particularly true by the younger generation between the ages of 20 and 30, which could not fulfill their lifelong dream due to the high prices.

The CEO warned that politics would only combat symptoms with measures such as a rental price brake instead of packing the actual problem with the root. After reunification, around 700,000 residential units were completed in Germany, which led to an oversupply and falling prices. Kammann emphasized the need to use all available capacities to cover the growing demand. However, if you fail to act proactively, you will be faced with a real estate bottleneck and rising rental prices in the next few years. However, he does not expect political impulses in the next twelve months due to the upcoming Bundestag election.

When asked about the lack of investments of millions of households in the energetic renovation, the building parking boss answered: "Customers generally do not think ideologically. The point "Good for the environment" is a priority in politics, but ends up third in private customers. » They first wondered whether the investment pays off - in two directions: "Can I save heating costs?" Or "Does my house become more valuable if I have to sell it at some point?" If the investments only calculated after ten years, owners would not be active. "In addition, the funding conditions change regularly and are not reliable."

In particular, the renovation of old real estate is a stress, time and cost factor-sometimes not even calculable. "The invoice only works if targeted funding programs can be used, which the buyer can rely on," said Kammann. "In the past, that was more of an exception than the rule, and the financing is already wobbling."

energetic renovations as a challenge for homeowners

Another problem that the building soccer boss addressed are the energetic renovations of real estate. It is often unclear whether the investments would pay off in the long term. Many homeowners would first ask themselves whether the renovations could save heating costs or whether the value of the house would increase. But the constantly changing funding conditions and the unpredictability of the costs made it difficult for many homeowners to choose energetic renovation.

- Nag