Wogeno is increasing investments in the energy transition until 2024

Wogeno is increasing investments in the energy transition until 2024

According to a report by www.saechsische.de, the Zittau housing association is driving the energy transition. Investment in buildings and apartments continues, which also has to do with the future commercial area in the east.

The gas heating systems in the two apartment blocks at Schillerstrasse 74 to 88 in Zittau were removed and replaced with district heating. The housing association has already registered further needs in the north and plans to connect the first building on Gutenbergstrasse to the district heating system in 2024. 20 percent of the approximately 3,000 apartments are now connected to it. The savings in repair and maintenance costs are reflected by tenants on their annual bill.

These investments by the Zittau housing cooperative in switching to district heating have a positive impact on the environment by reducing dependence on fossil fuels. In this way, the housing association contributes to climate protection. The savings on repair and maintenance costs can also lead to a long-term reduction in rental prices, which in turn could attract potential tenants or relieve existing tenants.

Overall, it can be said that the Zittau housing association's investments in switching to district heating could have a long-term positive impact on the real estate market in Zittau. This could lead to a more attractive supply of rental apartments, increasing demand and potentially stable or falling rental prices.