Fateful election for the real estate industry

The federal election is just around the corner. For the real estate industry, it's all about sending the right signal in view of the tight real estate markets. Contrary to some analyses, real estate prices have continued to rise, and living space remains scarce in the cities. So what is the right concept? What do the individual parties in government want to do? We have summarized the most important aspects for you.

When elections are held on September 24, 2017, your vote will also determine how politicians influence the real estate industry in the coming years. For many tenants and owners, this is a "fateful election". Because the concepts of the parties are very different.

Affordable housing

Every party demands affordable housing, whether it is housing for rent or for purchase. How this is to be done, however, is highly contradictory. The FDP demands: The rent brake recently introduced by the SPD and CDU should be abolished again. It has neither lowered rents nor created even one more apartment. In addition, owners, investors and tenants have been unsettled. Landlords had adjusted rental agreements upward to the permissible level, although the rent had previously remained untouched for years. The SPD, the Greens and the Left Party even want to tighten the rent brake in their election programs. According to media reports, the German Chancellor has since distanced herself from the Mietpreisbremse.

Home ownership promotion

The CDU and FDP want to promote home ownership on a massive scale. To this end, the CDU is proposing, among other things, an annual building allowance of €1200, and the FDP wants a subsidy of up to €20,000 for the purchase or construction of apartments in metropolitan areas. They promise themselves of it that each tenant, who buys or builds a dwelling the rent market relieves, because thereby the demand sinks. Another plus point, they say, is the old-age provision that can be built up with real estate ownership. The SPD also plans to include in its programs subsidies for equity in the purchase of a property and, like the CDU, would like to promote families. Furthermore, the FDP and CDU are proposing allowances for land transfer tax. Lowering the tax burden would also enable middle-income groups to buy real estate.

Ordering party principle for properties for sale

The SPD wants to extend the so-called "buyer principle", which it introduced with the coalition for rental properties, to purchase properties as well. The CDU and FDP in particular are extremely critical of this. In their view, an "ordering agent principle" for properties for sale would make prices even more expensive, so that in the end even fewer people would be able to afford a property. The SPD argues to want to relieve ostensibly buyers of real estates. Real estate experts doubt that however, it is reached at the time of strained markets exactly the opposite. Because the owner of a real estate will set off with the assignment of an agent, the commission which can be paid with the purchase price and make thus intransparent. Besides the higher purchase price leads in the result also to a higher land transfer tax. Currently, different commission models for purchase real estate are widespread throughout Germany, which have developed historically and vary greatly from region to region. In large cities such as Hamburg, Munich and Berlin, however, the so-called external commission is common. However, it is precisely in these metropolitan areas that rents have risen particularly sharply recently.

Rate your property now!

Free of charge | Non-binding