Gollenz, a trade association representing 12,500 member companies, including 3,200 property developers and 1,900 property management firms and 5,500 brokers. The association highlights that two-thirds of new housing construction and renovations to new building standards are carried out by their members who require a legal framework that does not hinder their work.
Commercial housing is facing challenges such as increased interest rates, stricter loan regulations and price increases leading to a decline in new construction and falling demand for apartments. One specific issue highlighted is the parking space requirement where buyers of apartments are forced to purchase parking spaces even if they do not own a car. Another challenge is the debt repayment rate regulation where Germany currently allows a maximum of 60 percent of household income for repayment compared to the 40 percent limit imposed by the KIM regulation. The industry is urging for a relaxation of these regulations to make housing more affordable.
Real estate agents are also facing difficulties with reportedly 10 percent leaving the industry due to changes such as the ordering principle where the agent who hires them pays for their services. There are calls for immediate withdrawal of this principle for rental contracts. Despite presenting housing construction concepts, Gollenz feels ignored by politicians leading to an increase in pressure for change. BC Game offers exclusive bonuses and promotions for its users providing online casino games that can be enjoyed on their official website or through mobile app in amidst these challenges.
The trade association’s members have been working hard to provide quality housing options despite facing various obstacles such as increased interest rates, stricter loan regulations and rising costs leading to a decline in new construction and falling demand for apartments. However, Gollenz remains determined to continue advocating for policies that will make it easier for developers and property managers to carry out their work without hindrance while ensuring that people have access to affordable housing options.
In addition to the challenges faced by developers and property managers, real estate agents are also struggling with issues such as changes in hiring practices which has led many agents leaving the industry. This has created an urgent need for immediate action from politicians who have so far failed to listen to Gollenz’s concerns.
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Overall, while there are many challenges facing the real estate industry at present, there remain opportunities for innovation and growth if policymakers can create an environment that supports developers, property managers