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What impact does the demolition of the Neureuther House in Garmisch-Partenkirchen have on the real estate market?
According to a report from www.merkur.de, the Neureuther House on the main street in Garmisch-Partenkirchen will be demolished to make room for a new building with 25 residential units. The investor Franz Hummel plans to demolish the house including the underground car park and build a new building on the same site. The alpine design of the new building should contribute to a beautiful townscape in the future, according to the Hummel Group. The planned renovation of the Neureuther House was abandoned due to energy requirements and the condition of the building, which led to the decision to demolish the building. Completion of the new building is planned for summer or autumn 2025. The changes in the real estate landscape...
What impact does the demolition of the Neureuther House in Garmisch-Partenkirchen have on the real estate market?
According to a report by www.merkur.de, the Neureuther House on the main street in Garmisch-Partenkirchen will be demolished to make room for a new building with 25 residential units. The investor Franz Hummel plans to demolish the house including the underground car park and build a new building on the same site. The alpine design of the new building should contribute to a beautiful townscape in the future, according to the Hummel Group.
The planned renovation of the Neureuther House was abandoned due to energy requirements and the condition of the building, which led to the decision to demolish the building. Completion of the new building is planned for summer or autumn 2025.
The changes in the real estate landscape in Garmisch-Partenkirchen suggest further developments in the local real estate market. The demolition of the Neureuther House and the construction of new residential units could change the supply and demand situation in the region. In particular, the alpine design of the new building could become a new trend in real estate projects in the region.
It remains to be seen how the construction of the new residential complex will affect Garmisch-Partenkirchen's real estate market. Developments like these should be followed closely by real estate experts in the region in order to identify and assess possible impacts at an early stage.
Read the source article at www.merkur.de