Ger­man hous­ing short­age greater than fore­cast

Financial Mirror (Cyprus) - - FRONT PAGE -

Die Welt and the Frank­furter Al­ge­meine Zeitung (FAZ) have re­ported thatthe fact Ger­many’s hous­ing short­age is greater than as­sumed. If de­mand is to be met, around 500,000 new apart­ments need to be built across Ger­many each year un­til 2020.

This is the re­sult of a study car­ried out by the Univer­sity of Freiburg on be­half of the IVD or­gan­i­sa­tion. So far, the fed­eral govern­ment has based its plans on a re­quire­ment of 350,000 new apart­ments per year. And yet this is nowhere near enough, said Michael Schick from the IVD. With its fore­cast, the IVD wants to show just how dra­matic the sit­u­a­tion re­ally is and high­light the con­sid­er­able need for in­creased ac­tion. Con­struc­tion is the only truly ef­fec­tive way to counter the es­ca­lat­ing hous­ing short­age in Ger­many.

“Last year’s fig­ures show that only 228,000 new apart­ments were ap­proved in the first three quar­ters of the year. The fig­ures for the year as a whole will prob­a­bly not ex­ceed 300,000. That’s a deficit of around 200,000 apart­ments,” crit­i­cised the IVD’s Pres­i­dent.

The study re­veals that the in­flux of refugees is hav­ing a greater im­pact on pop­u­la­tion fig­ures than was orig­i­nally thought. The study is based on as­sump­tions made by the Fed­eral Of­fice of Sta­tis­tics that long-term net mi­gra­tion will add around 200,000 to Ger­many’s pop­u­la­tion each year. This will peak in 2037, by which time the pop­u­la­tion will have grown by 2 mil­lion. From 2043, the pop­u­la­tion will be­gin to de­cline once more.

De­mand for new apart­ments in Ger­many’s western cities has been cal­cu­lated at 422,000 per year, with al­most 72,000 new apart­ments needed each year in the coun­try’s east­ern cities. Schick has sug­gested that the dis­tri­bu­tion of refugees across Ger­many needs to be re­or­gan­ised. There are cur­rently va­can­cies in a num­ber of re­gions and th­ese could read­ily be ex­ploited to pro­vide hous­ing for refugees.

“We don’t just need to re­ac­ti­vate the so­cial hous­ing sec­tor, we need to ad­dress the en­tire hous­ing mar­ket if we are to stand any chance of sat­is­fy­ing the high lev­els of de­mand cre­ated by the in­flux of refugees,” de­manded Schick. (Source: Ger­man Real Es­tate News info@zitel­mann.com

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