Misappropriation of real estate: New means against junk real estate in Krefeld

Misappropriation of real estate: New means against junk real estate in Krefeld

According to a report from www.wz.de, the city of Krefeld will examine new measures against junk properties. In particular, the so-called “horror high-rise” on Alte Gladbacher Straße, which has been an eyesore in the city for more than 20 years, is to be renovated. An investor is planning to renovate and build apartments, but so far the plans have not been implemented. Nevertheless, the city of Krefeld is still committed to a possible redesign of the high-rise.

Misuse of real estate is a problem that many cities struggle with. In Krefeld, the authorities want to increase the pressure on homeowners to take action against undeveloped vacancies. The city is planning to introduce penalties for neglect and dilapidation of buildings. Similar measures have already been implemented in other cities such as Oberhausen.

Implementing these measures can have a positive impact on the real estate market and the industry. Vacant and neglected properties can be converted into living space and thus counteract increasing demand. This can lead to a strengthening of the real estate market and improve the overall attractiveness of the city.

However, it remains to be seen whether the planned measures will actually be implemented and what specific effects this will have on the Krefeld real estate market. Nevertheless, it is a step in the right direction to combat junk properties and promote housing development in the city.