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Ownership obliges: Why real estate ownership often does not serve the public good
“Ownership obliges” is stated in Article 14 of the Basic Law. “Its use should also serve the common good.” However, the reality is often different. This is not only evident these days in the many construction sites that are lying idle in the Düsseldorf city area. But also at a house in Lierenfeld on Reisholzer Straße. According to a report from rp-online.de, As an expert in the real estate market, I closely follow current developments that may have an impact on the industry. The described case of the neglected house in Lierenfeld is an example of the challenges that property owners and society as a whole face. The neglect of real estate, as in...
Ownership obliges: Why real estate ownership often does not serve the public good
“Ownership obliges” is stated in Article 14 of the Basic Law. “Its use should also serve the common good.” However, the reality is often different. This is not only evident these days in the many construction sites that are lying idle in the Düsseldorf city area. But also at a house in Lierenfeld on Reisholzer Straße.
According to a report by rp-online.de,
As an expert in the real estate market, I closely follow current developments that may have an impact on the industry. The described case of the neglected house in Lierenfeld is an example of the challenges that property owners and society as a whole face.
Neglecting real estate, such as the derelict house in Lierenfeld in this case, can have a negative impact on the real estate market. The lack of maintenance and care leads to a decline in the value of the property and can also affect the surrounding property prices. The sight of neglected buildings can deter potential buyers and tarnish the image of the area.
In addition, neglecting real estate can lead to legal and urban planning problems, which in turn incur costs and tie up resources. This not only affects the owners themselves, but also the municipalities that have to deal with the renovation and revitalization of neglected buildings.
It is therefore important that owners and the public are made aware of the importance of property maintenance. Adequate care and maintenance of real estate is not only in the interest of the owners, but also contributes to the general welfare, as stipulated in the Basic Law. By recognizing the importance and impact of neglected properties, we can help promote the real estate market and urban development.
Read the source article at rp-online.de