Might the owners be forced to sell vacant properties soon?

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


Real estate prices will not drop for now

Real estate prices could be leaving out in 2020 despite the continuing real estate boom. Although dropping prices on the market are still unlikely this year, the price level should now develop more slowly, according to building loan agency Interhyp.

Consumer’s tolerance limit defines the ultimate price level.

The real estate market should increasingly calm down and stabilise. The increase has been slowing since the third quarter of 2019.

Although this forecast cannot be generalised for every German city, it is still considered that at some stage price levels will be attained at a point where people will show caution.

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



Maintenance or Modernization ?

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


Top European real estate fairs in spring 2020

Top European real estate fairs in spring 2020

Immo Fair Swiss St. Gallen

20. – 22. März 2020 | Real estate fair for ownership, environment, energy, construction and renovation

The real estate fair for ownership, environment, energy, construction and renovation taking place in St. Gallen with its diverse range of topics and a its high number of visitors and exhibitors is well-known as the most important real estate exhibition throughout Eastern Switzerland. Private home builders and those interested in residential real estates as well as restoration companies and providers of environmentally-friendly technologies or financial experts should visit the fair in any case, because the event is a renowned information and communication platform for the industry. Further highlights of the exhibition are several special topics and interesting lectures as well as presentations on relevant industry topics.

Real Estate Fair Munich Munich

20. – 22. März 2020 | Real Estate Fair in Munich

The real estate fair Munich is a fair for those people who are interested in buying residential property for own use or as an investment. The Munich’s leading housing company presents their current offering. At the exhibition you will also find many service providers, like banks and financing institutions. Here you can find everything on one place.

Foreign Real Estate Showroom Saint Petersburg

27. – 29. März 2020 | Exhibition of Overseas Properties

The Foreign Real Estate Showroom in St. Petersburg is a great show for real estate abroad. On it the most active and best known suppliers from the real estate sector are showcasing their products and services to a large, interested audience. The fair is an excellent opportunity to get an overview of the international real estate market.

Property Investor & Homebuyer Show London

03. – 04. April 2020 | Property investor & homebuyer show

The Property Investor & Homebuyer Show is a fair for real estate investors and home buyers. The fair takes place in London. Numerous exhibitors present their real estate, products, furnishing, financing offers and much more about the real estate market in the UK. As a new acquisition to life, to tax depreciation or as an investment. Architects and designers show models and examples of individual home ownership. The offer are various homes and luxury real estate. The fair also provides an ideal platform for industry professionals to network with other professionals in the real estate industry and establish new business contacts. Interested visitors can seek advice also on the subject of franchising in this industry. On both days there is also an interesting and informative lecture program.

Source: www.messe-info.de