Real estate market: New apartments are not worthwhile for landlords - or are they?
Construction costs have skyrocketed, newly built properties are becoming increasingly rare as a worthwhile investment. This is how buyers get more return on their investment.
A historic building in Düsseldorf's Flingern district is being demolished to make way for 10 new apartments and two townhouses, with the first units expected to be ready by the end of 2028. The apartments will be priced between €289,000 for a 34 sqm unit and €1.15 million for a 125 sqm unit, with estimated rents of around €26 per sqm per month.
Germany's goal of building 400,000 new apartments per year is far from being met, with only around 206,000 new units completed last year. The high costs of construction and financing are major obstacles to new building projects, making it difficult for investors to achieve profitable returns.
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.
