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Press Releases from Accentro GmbH (19 total)

Living in a Condominium is Far more Affordable than Renting a Flat

Owning your home outright remains considerable more attractive than renting it, as a new survey just reaffirmed. For one thing, tenants bear a greater cost burden. On the other hand, homeownership helps to build up capital, and is therefore an important mainstay of your retirement scheme. Especially for young households, buying property is a great way to start building capital because they can stretch their payments over a longer period

Number of Planning Permissions in Decline

With the new German government barely in office, it has already become quite obvious what one of the most pressing issues will be during the parliamentary term now under way. On 14 March, Angela Merkel took her oath of office as German Chancellor, and the very next day, the Federal Statistical Office published the number of planning permissions approved in 2017. According to the stats, the number of approvals in

Economic Research Institute Suggests Cities Sell off Their Housing Stock

At a time when municipal housing companies in many of Germany’s major cities, including Berlin, are prompted by city hall to beef up their property stock, the IW Economic Institute, Cologne, has joined the debate on the issue of public housing with an idea that implies the exact opposite. In a recent survey, the IW’s real estate expert, Prof. Michael Voigtländer, suggests that German municipalities are well advised to divest

Greater Berlin Still Has Land Reserves for 218,000 Flats

The housing development potential hidden in land reserves in Berlin proper and the greater Berlin area would suffice to create up to 218,000 new flats. The total volume breaks down into 153,000 flats in the German capital and 65,000 in the suburbs. This is the upshot of the latest housing market report for Berlin and its greater area (“Berlin und Umland”) that the IBB Investment Bank Berlin presented on 08

Berlins housing prices are steadily increasing

Rents as well as purchasing prices increased heavily on the Berlin housing market in 2017. That’s the conclusion of the Housing report Berlin 2018 developed by CBRE and the Berlin Hyp. Therefore median asking rents in 2017 increased by 8.8 percent to 9.79 Euro per square meter and asking prices for condos by even 12.7 percent to 3.706 per square meter. So the price dynamic of the German capital grew

Grand Coalition: Homeownership to be Promoted

With nearly five month gone since the general election for the German Parliament, a new government is about to be formed now. The Christian Democrat bloc and the Social Democrats finally settled on a coalition agreement, although it has yet to be approved by the Social Democrat party base. During the coalition talks, Christian Democrats and Social Democrats agreed on a number of measures in the housing sector. It is

More housing through closer collaboration between municipalitites and private bu …

An alliance between public and private players in the real estate sectors has been set up in Cologne. Members of the “Kölner Wohnbündnis” alliance include the City of Cologne, the Workshop of Cologne Housing Companies (“köln ag”), the Housing Construction Initiative (“WIK”), the Association of Home and Land Owners in Cologne (“Haus und Grund”), the state chapter for North Rhine-Westphalia of the Federal Association of Independent Property and Housing Companies

Berlin's mayor champions a more investor-friendly housing policy

Michael Müller, Lord Mayor of Berlin and a Social Democrat, intends to lend his support to private residential property investors. Or so Müller said in an interview he gave the Berlin daily B.Z. in early January. “We need private investors, too,” he emphasised in the course of a dialogue that touched upon Berlin’s housing policy, among other subjects. In his interview with the B.Z., Müller backed a call for making it

Berlin clearly falls short of housing construction target

Only half as many state-owned flats as planned were completed in Berlin in 2017. As Senator Katrin Lompscher for Urban Development (a member of The Left) told the city’s Senate shortly before Christmas, only 3,000 flats were finished instead of the 6,000 flats that had been announced. It is the stated goal of Berlin’s governing coalition of Social Democrats, the Left, and the Greens to have the city’s six municipal

Expert opinion: Berlins housing policy not in accordance with state constitution

The highly on tenants focused housing policy of Berlin’s senate conflicts with the mission statement of the state constitution. That’s the conclusion of a legal opinion of Prof. Dr. jur. Steffen Hindelang from the Freie Universtität Berlin on behalf of the Verein zur Förderung von Wohneigentum in Berlin. Hindenlang examined Art. 28 Abs. 1 of Berlin’s constitution (VvB) where it says: „Every human has the right of appropriate living

The majority of tenants do not see the possibilty to afford a home

More than half of German tenants would prefer living in homes – while most of them believe that they are not able to afford it. Those are the results of a survey of the ING-DiBa, that was conducted in 13 European countries with roughly 13 000 users. Therefore 51 percent of German tenants would love to change into ownership. On the downside 56 percent agreed with the statement ‘I can

Eastern German real estate market gets more and more attractive

A current survey about real estate markets states positive evidence for numerous cities located in Eastern German states. According to the housing market report Eastern Germany 2017 from the TAG Immobilien AG Eastern German cities stand out due to increasing influx, higher purchase power and rising demand. This development is causing higher purchase- and rent-prices as well as sinking vacancies. The report analyzed 27 big- and mid-sized towns in Eastern

Investments in homes very popular - however less people tend to buy

Majoritarian German savers think that self-used real estates are the best instrument to wealth creation. 54 percent support this opinion as a representative survey from the German Savings Banks Association, short DSGV, states. With a little gap, security instruments like share-, investment- or real estate funds (28 percent), external used real estates (27 percent) and rent- as well as life insurances (each 24 percent) follow up. Thereby the preferences of

Expert opinion finds current housing policy ineffective

What measures to take to curb the runaway rents and prices in Germany’s major cities has been subject to political debate for some time now. In its latest expert opinion, the IW German Economic Institute in Cologne examined the strategies applied so far in terms of their effectiveness, and unambiguously concluded: They are without exception far too ineffective. In particular, the IW Economic Institute took a hard look at the

Berlin needs 20,000 new flats annually

No less than 194,000 new flats will need to be raised in Berlin between now and 2030 to cover the city’s housing demand. But so far, construction areas for only 179,000 new flats have been zoned. These figures were quoted by Katrin Lompscher, Berlin’s Senator for Urban Development, in mid-October as she presented the interim report for the residential urban development master plan. The new urban development master plan is

Biggest price hike in construction costs since 2008

While the construction costs for residential buildings have been going up steadily for years, they climbed faster in August than at any other time in nearly a decade. According to figures released by the Federal Statistical Office on 10 October, the one-year price growth in August 2017 equalled 3.1 percent. The previous price check in May 2017 had returned a positive growth of 2.8 percent year on year, and this

Leipzig, Dresden and Berlin score top spots in city ranking

Among Germany’s five most auspicious cities, three are located in the eastern part of the country – Leipzig, Dresden and Berlin. Or so the outcome of the latest city ranking by the HWWI Hamburg Institute of International Economics and by the private bank Berenberg Bank suggests. The ranking compares the competition- and location-related factors of the country’s 30 largest cities. The last ranking dates back to 2015. Munich took the

Risk-return ranking: Germany's class B citites outperform the metropolises

The parameters for investments in residential real estate are often much more attractive in the so-called Class B cities of Germany than in the country’s leading metropolises. This is the upshot of the 2017 Risk-Return Ranking of altogether 110 German cities that Dr. Lübke & Kelber GmbH, a real estate investment service provider, published in late September. For the purposes of the ranking, the returns on equity to be expected

Berlin's residential property market has been outperforming since 2006

Residential real estate worth 5.64 billion euros changed hands in Berlin in 2016. This is the upshot of the latest ACCENTRO Homeownership Report that was presented on 13. September. It suggests that revenues from residential property sales in Berlin almost tripled over the past ten years, up from just 1.97 billion euros in 2006. ACCENTRO assumes that revenues will cross the mark of six billion euros this coming year. The ACCENTRO