Real estate: The staff apartment is back – but not the workers' settlement
The housing shortage and competition for employees are causing companies to become providers of housing again. However, much of this is different from before.
Several German companies, including Allianz, Bosch, and Volkswagen, are investing in employee housing, a trend that is gaining traction in the country. This comes as many employees struggle to find affordable housing near their workplaces, particularly in urban areas. According to Ulrich Creydt, CEO of Ypsilon Group, a range of industries, including healthcare, construction, and retail, are showing interest in providing employee housing.
The number of employee housing units had declined significantly since the 1970s, but is now increasing, with the German government also planning to build 8,000 units. Companies are taking different approaches, such as renting apartments from providers like Havens Living, which offers furnished and serviced accommodations, often for foreign workers.
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.
