There will be no decrease in construction costs. Rather the opposite.
By now, one can speak of a housing shortage. Rents are exploding and becoming unaffordable.
Millions of apartments are missing, and we are very, very far from the government's target of building 400,000 new apartments annually.
And that has been the case for many years. The situation is worsening more and more. Do we have a reduction in bureaucracy and the elimination of building regulations?
No. Do we have special programs like increased depreciation (AfA) or tax relief? For rental housing construction? No!
Have we heard anything about legal relaxations in building law, such as regulations for more plots to also build in outer areas? No!
Blah, blah, blah and nothing happens. Nobody should be surprised.
And now many professional groups belonging to the middle class wonder why you can no longer afford or want to afford a house with two good incomes.
My rental house could easily be extended by 3 - 4 residential units. Great apartments that I could even rent out inexpensively, i.e., in an affordable social range.
But what do I get from it? Maybe 500,000 euros of new debt that I have to pay off over 20 years, now that I have paid off the house.
Do I get tax advantages or funding? Nothing. The risk and investment costs remain with me.
As a landlord, I then even have multiple problems. If sooner or later pensions and health insurance contributions are levied on my rental income, the tax burden increases or further pointless measures and regulations are enacted.
My investment then also increases the value of the property. Logical. I am in my mid-50s, and when I die, inheritance tax will come. So let's just leave it. It simply makes no sense.