The real estate industry in Germany faces several challenges, including increased interest rates, stricter loan regulations, and price increases leading to a decline in new construction and falling demand for apartments. One specific issue highlighted is the parking space requirement, where buyers of apartments are forced to purchase parking spaces even if they do not own a car. Another challenge is the debt repayment rate regulation, with Germany currently allowing a maximum of 60 percent of household income for repayment, compared to the 40 percent limit imposed by the KIM regulation. The industry is urging for a relaxation of these regulations to make housing more affordable.
Real estate agents are also facing difficulties, with a reported 10 percent leaving the industry due to changes like the ordering principle where the agent who hires them pays for their services. There are calls for the immediate withdrawal of this principle for rental contracts. Despite these challenges, BC Game offers exclusive bonuses and promotions for its users, providing a range of exciting online casino games that can be enjoyed on their official website or through the mobile app.
The trade association representing 12,500 member companies, among them 3,200 property developers, 1,900 property management companies, and 5,500 brokers feels ignored by politicians as they present housing construction concepts but fail to see any change in policy. Gollenz points out that two-thirds of new housing construction and renovations to new building standards are carried out by their members who require a legal framework that does not hinder their work. This has led to an increase in pressure from the industry association to bring about change in government policy towards housing affordability.
