Archive for year: 2020

Working, learning, killing time – everything at home. For months now, many Germans have been at home more often than they are used to, and some of them more than they would like to. Corona has raised the value of housing. An extra room to work in, a garden to breathe in – that’s what more people are now longing for. Apartments are becoming more expensive according to a recent research. The demand for properties in the surrounding area has risen sharply during the lockdown, according to a study.

The biggest cities, including Munich, Berlin and Hamburg, were slightly above average. The surrounding areas of metropolises are also becoming more attractive. Prices for poperties had already risen sharply in the second quarter.

There is now relief for many tenants in Berlin. Hundreds of thousands can expect a reduction in their inflated rents after the second stage of the rent cap came into force on Monday. The Senate expects that rents in 340.000 flats will have to fall. F+B even expects about 512.000 flats. The average reduction would be 40 euro.

Quelle: www.wiwo.de                 Foto: dpa

In Leipzig, land sales and real estate sales last year have been higher than ever since registrations in 1990.

With 3.4 billion euros, sales had reached a peak. In total, almost 7,000 purchases were made.

At 76 percent, condominiums were at the forefront – 11 percent more than in the previous year. In contrast, there was a 10 percent decline in built-up land, which made up 16 percent of the total market. There were only minor changes to the undeveloped land.

Nowhere in Germany are the prices for newly built apartments and houses as high as in Leipzig.

In the case of condominiums, above all, resale of refurbished apartments was registered. The price range per square meter of living space here ranged from 420 to 4700 euros.

The purchase price of refurbished condominiums in the initial sale was between 2700 and 6200 euros per square meter of living space.

Source: www.bild.de                                                   Image: www.pixabay.com

The industrial union Construction-Agriculture-Environment demands that real estate that has been vacant for at least three years has to be offered for sale.

Policy instead of expropriation.

Speculation and abandoned building plots cannot be afforded by the current housing shortage and housing shortage throughout Germany. As a result, the Industrial Union plans to make it obligatory for owners to sell their unused property. Once a property has been vacant for at least three years, owners should be forced to put it up for sale. Consequently, cities and municipalities should get the right to purchase the property. The price should not be set by the owner himself, but should be determined by an independent expert.

In that case, if owners should refuse to sell, the intention is to enforce a compulsory sale at market value. In this case, however, the industrial union rejects the accusation of expropriation and emphasizes that the measure is an act in the sense of the principle of “ownership obligation”.

It remains to expect the demands of the Industrial Union will be accepted and implemented.

Source: www.anlegen-in-immobilien.de             Picture: www.pixabay.com

Low property rate and non-informed tenants

After Switzerland, Germany is the country with the lowest property rate with 53 percent in Europe, far behind countries like Sweden, Belgium and even France. As a result, the percentage of tenants is quite high making it increasingly difficult to find an affordable apartment, which also increases the power of landlords to negotiate with tenants.

Maintenance or modernisation

In many cases, the difference between maintenance and modernisation is minimal. For example, in the event of leaking windows, the landlord has two options. On the one hand, the leak can be resealed with a rubber seal, which would then be a maintenance measure, but on the other hand, the house owner can install new functional windows, which would be considered as modernisation. The landlord is not prescribed which actions to take, because it is only specified that a landlord has to maintain the condition of the apartment.

Source: www.anlegen-in-immobilien.de                             Picture: www.pixabay.com

Smoke detectors must be installed in all living rooms and bedrooms except in the kitchen and bathroom.

The owners or landlords are responsible for the installation of smoke detectors. However the maintenance obligation can be delegated to the tenant by contract. But: the owners or landlords still remain under liability. It has to be ensured that the tenants are physically and mentally capable of servicing the system safely and in accordance with the manufacturer’s specifications. In this case exists a so-called “secondary liability” for a tenant to his landlord for the ongoing monitoring.

The costs for maintenance may also be passed on to the tenants – as long as the landlord assumes the maintenance by himself or has delegated it to a service company. These maintenance costs can only be included in the service charges or additional costs

Source: www.rauchmelder-lebensretter.de

Picture: www.pixabay.com