Pro Potsdam plans to sell apartments to invest in social housing and climate protection

Pro Potsdam plans to sell apartments to invest in social housing and climate protection

According to a report by www.tagesspiegel.de The municipal building holding company Pro Potsdam is finding a way to continue investing in social housing and climate protection by planning to sell apartments from its own portfolio. According to a spokeswoman for Pro Potsdam, the sale of some properties in dire need of renovation is part of the company's economic planning and has already been approved by the supervisory board and the shareholder, Mayor Mike Schubert (SPD).

This decision could have several implications for the real estate market. Firstly, the sale of apartments from Pro Potsdam's portfolio could increase the supply of apartments on the market, which could lead to a slight decrease in rental prices. On the other hand, the sale of properties in need of renovation could lead to investors purchasing and renovating these properties, which in turn could lead to an increase in value in certain parts of the city.

In addition, the sale of apartments by Pro Potsdam could result in the company being in a better financial position to invest in new construction projects, which in turn could lead to an increase in new apartment construction. This could lead to an overall revival of the real estate market in the region.

Overall, it is important to monitor developments carefully in order to be able to assess the long-term effects on the real estate market in Potsdam and the surrounding area.