Housing crisis in Germany: Financial expert calls for urgently needed reforms to solve the problem.

Housing crisis in Germany: Financial expert calls for urgently needed reforms to solve the problem.

According to a report by amp2.wiwo.de, housing construction in Germany is in a deep crisis. The number of approved new apartments fell by 28.3 percent, and the situation could worsen further. The construction industry has now presented concrete proposals for reforms that aim to make building in Germany easier, cheaper and more sustainable. A legal opinion calls for a reform of Section 633 of the Civil Code in order to be able to implement construction projects more quickly. Despite the alarming situation, the political will to reform remains limited and there are concerns that a freezing of standards could further slow down technical progress.

The proposed reforms could have a significant impact on the real estate market in Germany. Simplifying and speeding up construction projects could result in more homes being built to meet high demand. This would potentially result in a slowdown in price increases on the housing market and would be a positive development for tenants and buyers.

However, challenges could also arise, particularly in relation to the quality and sustainability of construction projects, if standards are relaxed. It is important that reforms help make housing easier to build without compromising the security and longevity of properties.

Politicians must now decide to what extent they support and implement the proposed reforms in order to overcome the housing crisis and meet the need for affordable housing in Germany. Only if the various actors work together and implement reforms can the construction industry be put back on a sustainable and stable growth path in the long term.