Financial expert: Düsseldorf cooperative plans funding program for housing construction

Financial expert: Düsseldorf cooperative plans funding program for housing construction

According to a report by rp-online.de, Düsseldorf's largest cooperative is proposing an extensive municipal funding program over ten years to stimulate housing construction for the middle of society. It is planned to build 5,000 social housing units and 5,000 additional apartments where the interest rates could be subsidized by the city to two percent.

This proposal has potentially major impacts on the real estate market in Düsseldorf. The construction of a total of 10,000 new apartments could significantly increase the supply of available living space. This could lead to rental prices in the city being stabilized as the additional supply could better meet demand. There could also be an increase in demand for properties in Düsseldorf as potential buyers would benefit from the subsidized interest rates.

Overall, this funding program could help balance the real estate market in Düsseldorf and give more people access to affordable housing. However, it remains to be seen how quickly and effectively the implementation of this program will be and how it will impact the market in the long term.