Housing shortage in Germany: Tenants are footing the bill for shareholder-oriented housing groups

Housing shortage in Germany: Tenants are footing the bill for shareholder-oriented housing groups

According to a report by www.zeit.de,

Living in Germany is becoming more and more expensive, especially in the big German cities, where rents are rising rapidly and prices in Berlin have risen by 30 percent in the last three years alone. But new housing construction has not increased at the same rate, which could lead to a possible shortage of up to a million homes in the coming years. A study by Finanzwende Research shows that the large housing companies could be to blame for this misery, as they do not make a significant contribution to new construction. The housing companies are primarily interested in making profits and could thus slow down the need for new living space.

The effects of this reluctance could be a further worsening of the housing crisis in Germany's major cities. The creation of new housing will slow down, which may lead to rising rents and increasing shortages. This would have a negative impact on the housing market and tenants, who already suffer from high rents.

Given the financialization of housing companies, it is clear that their primary objective is to make a profit, and that housing construction and the creation of new apartments are taking a back seat. This would allow the large housing companies to act at the expense of the general public and their tenants.

The data suggests that the situation in the housing market remains tense and the decisions of housing groups are geared to the needs of their shareholders. This could lead to a further increase in rents and an increase in the housing shortage in Germany.