Statement by Thomas Wirtz, Managing Director of INDUSTRIA Immobilien GmbH:
“In the balance sheet of 100 days of the new federal government, we are critical of the extension of the rent brake. Although this instrument has a short-term relief effect on individual tenant households, it inhibits investment in urgently needed new construction and reduces the attractiveness of the residential real estate market for institutional investors. Instead of combating the symptoms, we need structural answers to the housing shortage – for example, through more supply and targeted incentives for new construction.
The announced reduction in subsidies for energy-efficient renovation is also worrying. In view of the ambitious climate targets in the building sector and the massive increase in construction costs, this decision is a step backwards. The energy-efficient upgrading of existing buildings is a central element of the housing industry – also in terms of social compatibility. As a long-term investment manager, we rely on a stable, reliable framework for investments in residential real estate. The first 100 days show that the political will for more housing construction is there. Whether this will be a sustainable trend reversal will be decided by the implementation of the announced measures and a consistent funding policy.”
