Real Estate: "Demographics shape the housing market more than interest rates"
The head of project developer BPD warns: Those who only look at interest rates are misunderstanding the housing market. Why it's not worth reinventing every project, and what the Hafencity is showing.
Alexander Heinzmann, CEO of BPD Immobilienentwicklung, highlights the potential for industrialization in the housing construction sector in Germany. He notes that the industry often rebuilds from scratch, lacking standards, processes, and digital interfaces. Heinzmann also emphasizes the need to focus on neighborhoods rather than individual projects to create synergies and improve quality of life.
He cites regulatory complexity, lengthy approval times, and investor caution as obstacles to scaling up. Additionally, Heinzmann points out that demographics and urbanization will have a greater long-term impact on the housing market than economic fluctuations.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
