Altenburg needs more control over real estate speculators, says financial expert

Altenburg needs more control over real estate speculators, says financial expert

According to a report in the Leipziger Volkszeitung (LVZ), the problem of real estate speculation in Altenburg continues. The real estate company Bevo DE Alpha in particular is causing anger and annoyance in the city. AWG Altenburg has been trying for years to buy two dilapidated properties on Käthe-Kollwitz-Straße, but they have always been sold to Bevo DE Alpha. But Bevo DE Alpha is not alone, but represents a whole series of questionable investors who are active throughout the entire city of Altenburg. It is questionable whether the city will be able to get rid of these investors in the near future due to their limited influence.

In order to be better armed against such real estate speculators in the future, it is necessary for the public sector to become more active. You should take the initiative yourself more often, for example when property ownership changes. The properties could then be provided with restructuring clauses and then resold. However, the city of Altenburg also needs more support from the legislature.

The impact of these challenges on the real estate market and the industry is serious. Speculation in real estate leads to urgently needed housing being blocked and real estate prices being driven up. This makes it increasingly difficult for many people to find affordable housing. In addition, the neglect of property and the sense of responsibility of large, external real estate companies has a negative impact on the quality of life and the cityscape of Altenburg.

Source: According to a report from www.lvz.de