Homelessness has increased by 58 percent in Germany - financial experts explain the reasons and consequences
According to a report from www.tagesschau.de, around 600,000 people in Germany were temporarily homeless in 2022, an increase of 58 percent compared to the previous year. The increase was particularly noticeable among homeless people without a German passport. The main reasons for homelessness are domestic layoffs, rent and energy debts, conflicts in the living environment as well as separations and divorces. This increasing number of homeless people in Germany may have an impact on the real estate market and the financial sector. With an increase in demand for social housing and affordable housing, real estate investors and developers may see opportunities for new projects and investments in this area. At the same time...

Homelessness has increased by 58 percent in Germany - financial experts explain the reasons and consequences
According to a report by www.tagesschau.de,
In Germany, around 600,000 people were temporarily homeless in 2022, an increase of 58 percent compared to the previous year. The increase was particularly noticeable among homeless people without a German passport. The main reasons for homelessness are domestic layoffs, rent and energy debts, conflicts in the living environment as well as separations and divorces.
This increasing number of homeless people in Germany may have an impact on the real estate market and the financial sector. With an increase in demand for social housing and affordable housing, real estate investors and developers may see opportunities for new projects and investments in this area. At the same time, rising costs and rising rents could also result in financial burdens for low-income households.
The federal government's plan to create 100,000 new social housing units per year may not be enough given the increasing number of homeless people. Experts consider the provision of a further 100,000 affordable homes to be necessary. This could lead to an increased need for financing and investment in housing construction.
The statistical differences between the data published by the Federal Association for Homeless Assistance (BAG W) and the Federal Statistical Office could also have an impact on the analysis and planning of government programs and financing measures. It is important to understand the exact number and situation of homeless people in order to develop effective measures to combat homelessness.
Overall, the increasing number of homeless people in Germany shows the need to take measures at both the state and private levels to create sufficient affordable housing and support low-income households. This could also bring new opportunities and challenges for the financial sector and the real estate market.
Read the source article at www.tagesschau.de