Tense housing market: Berlin's housing crisis: Vonovia wants to be „part of the solution“
Vonovia CEO Mucic naturally sees nothing in expropriating Vonovia apartments in Berlin. He sees the company as a problem solver for affordable housing shortly before the deputies' election.
Vonovia CEO Luka Mucic says the company is playing a key role in addressing Berlin's housing shortage. The company currently has around 1,000 new apartments under construction in Berlin and has built 6,000 since 2013. Mucic emphasizes that Vonovia's focus on affordable housing is reflected in its average rent of €8.26 per square meter, compared to €10.80 for new rentals.
With a portfolio of around 130,000 apartments in Berlin, Mucic believes Vonovia can contribute to solving the housing crisis, but notes that the company cannot solve the problem alone.
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.
