Statement Prof. Dr. Felix Schindler, Head of Research & Strategy, HIH Invest Real Estate:
“The start has been made: The mood of the German economy has brightened in the first 100 days of the new federal government. However, there is still a lack of implementation of concrete measures to strengthen Germany as a business location and – with a view to the real estate markets – to create more living space and to make construction processes and projects more flexible, reduce bureaucracy, digitise and accelerate construction processes and projects (the so-called ‘construction turbo’). The amendment to the Building Code, which was already initiated by the previous government, is intended to noticeably reduce bureaucratic hurdles and accelerate planning processes. The law is scheduled to be passed in the autumn.
“The most far-reaching decision in economic policy was made by the last Bundestag and before the formation and appointment of the current federal government: the prerequisites for the establishment of the special fund for infrastructure and climate neutrality in the amount of 500 billion euros. It is now up to the German government to use the framework conditions created and the financial leeway for structural reforms and sustainably more growth.
“For the next 100 days, it is to be hoped that the federal government will succeed in following up the announcements to strengthen Germany as a business location and the plans of the Federal Ministry of Housing, Urban Development and Building with deeds. It is important to provide the right impetus here so that more private capital from Germany and abroad invests in Germany again and sets the course for higher growth in the long term and thus for more prosperity in Germany.”
