How the new Baywobau boss assesses the price situation on the Dresden real estate market

How the new Baywobau boss assesses the price situation on the Dresden real estate market

How www.saechsische.de reports, Baywobau-Dresden is facing financial challenges due to a reduction in real estate interest. The branch has built and renovated many apartments in the city in the past. The new boss, Andrea Strümpel, reports that the financial situation is currently more difficult than ever before, as the apartments in the current Wildrosenterrassen project in Naußlitz are being sold slowly. This makes it difficult to invest money in new construction projects. This lack of demand could have a serious impact on the real estate market.

If one also takes into account the increasing demand for living space due to new business developments in the north of Dresden, it becomes clear how urgently an increase in the supply of real estate in the city is needed. If the maturity of Baywobau-Dresden's debt obligations in this difficult financial situation impairs the company's ability to make new investments, this could lead to a lower availability of housing in Dresden. Conversely, this could mean that families can no longer afford property in the city. According to a report by www.saechsische.de