Financial expert analyzes: Plan to legalize squatting in Frankfurt - opportunities and risks

Financial expert analyzes: Plan to legalize squatting in Frankfurt - opportunities and risks

According to a report by www.faz.net,
The head of the building department, Sylvia Weber, is planning to legalize the occupation of a municipal building in Frankfurt. The group that set up a café on the ground floor of the house is supposed to conclude a usage agreement. This step has already led to criticism in the city parliament as some politicians do not accept the occupiers as contractual partners. The Greens support the squatters' concerns and emphasize that the squatting draws attention to grievances.

In addition, the head of the building department points out that the building needs to be comprehensively renovated. In previous years, potential tenants would politely decline after viewings.

The effects of this measure on the real estate market in Frankfurt could be diverse. On the one hand, the legalization of squatting could lead to more effective use of vacant spaces in municipal buildings. Overall, this could lead to a more diversified and vibrant use of real estate in the city. On the other hand, there is a risk that such measures could undermine trust in the rule of law and deter potential investors. This could have long-term effects on the real estate market and urban development. It remains to be seen how this step will affect the real estate industry and the market in Frankfurt.