Suche
Mein Konto
City-owned houses: vacancy and renovation backlog cause problems - analysis by a financial expert
According to an article on faz.net, there is a vacancy in urban real estate in Frankfurt. The city acquired nine houses under pre-emption rights to secure affordable rental apartments, but many of the apartments could not be rented due to their poor condition. After five years, the city must sell the properties privately, but cannot keep them. The city plans to grant leasehold building rights and initially appeal to the original buyers. If they are not interested, the properties should be offered to “large parts of the population”. A concept for reducing vacancies will be presented. < div> According to the magistrate, the costs for the ...
City-owned houses: vacancy and renovation backlog cause problems - analysis by a financial expert
According to an article on faz.net, there is a vacancy in urban real estate in Frankfurt. The city acquired nine houses under pre-emption rights to secure affordable rental apartments, but many of the apartments could not be rented due to their poor condition. After five years, the city must sell the properties privately, but cannot keep them. The city plans to grant leasehold building rights and initially appeal to the original buyers. If they are not interested, the properties should be offered to “large parts of the population”. A concept for reducing vacancies will be presented.
<
div>
According to the magistrate, the costs of maintaining the city's apartments cannot be covered by the rental income. The municipal housing company ABG Holding, which owns 50,000 apartments, is not prepared to take over the municipal apartments due to the large renovation backlog and is proposing to use ABG as a service provider for the city.
<
p class=“Fact”>The CDU city councilor Anita Akmadza asked the magistrate for the exact figures on vacancies in city properties. The answer came 13 months later and, according to Albrecht Kochsiek from the CDU, was “extremely poor”. There is indeed emptiness
Read the source article at www.faz.net