A real estate multinational is behind ghost houses in the north and southeast of Altenburg - a financial expert explains

A real estate multinational is behind ghost houses in the north and southeast of Altenburg - a financial expert explains

According to a report from www.lvz.de, there is an unusual situation on the real estate market in Altenburg-Nord and Südost. There are ghost houses there that belong to the Düsseldorf real estate multinational Bevo DE Alpha. The local cooperative AWG would like to buy and renovate these residential buildings, but is unable to do so due to the real estate company's price expectations.

This situation in the real estate market may have a significant impact on the region. On the one hand, there is a need for housing because the haunted houses are no longer inhabited and are in urgent need of renovation. This could lead to rising property prices as AWG cannot meet Bevo DE Alpha's price expectations. On the other hand, there is a risk that the haunted houses will continue to stand empty and fall into disrepair, which could lead to a deterioration in the living environment in the area.

The AWG and other potential buyers could face similar challenges in the future if real estate companies charge high prices for abandoned buildings. This could slow the market and make it difficult to invest in the renovation and revitalization of abandoned properties.

It remains to be seen how the situation in Altenburg-Nord and Südost will develop and whether an agreement will be reached between the AWG and Bevo DE Alpha.

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