Tourism | Lukinski https://lukinski.com Sun, 03 Apr 2022 12:27:48 +0000 en-US hourly 1 https://wordpress.org/?v=6.8.6 Berlin rent cap overturned! Constitutional Court ends experiment – retroactive rent payment threatens https://lukinski.com/berlin-rent-cap-overturned-constitutional-court-ends-experiment-retroactive-rent-payment-threatens/ Sun, 30 May 2021 11:51:32 +0000 https://lukinski.de/berlin-rent-cap-overturned-constitutional-court-ends-experiment-retroactive-rent-payment-threatens/ Berlin rent cap – The Berlin rent cap is illegal and thus inadmissible! This was decided by the Federal Constitutional Court in April. While some housing companies did not increase their rents back to the old level despite the end of the rent cap, many landlords now demand repayments and put the rents back up. But why was the rent cap overturned, what are the consequences for landlords and tenants, and how are politicians reacting to the decision and the new bill? All this and much more information about the rent cap, its function, the effects and consequences, and the alternatives can be found here.

Rent cap is unconstitutional!

Tip. At the end there is still the press review, the most important news from the real estate world, summarized. There are interesting things in the FAZ on the subject of “New life for houses of worship”, redesigning former churches, monument protection, and much more. You can find all real estate news directly here: Real Estate News.

As the capital and cultural city,Berlin is one of the most popular places to live in Germany. No wonder that rents have been rising in recent years and the real estate market seems more lucrative than ever before. Whether and if so when the rent cap will take effect again or landlords can continue to charge their high prices remains to be seen. Here you can find information about the current events around the rent cap in Berlin.

The law concerns a stock of:

340,000 to 512,000 apartments in Berlin

What does the rent cap say?

The rent cap was supposed to make affordable housing in the big city of Berlin possible again. According to estimates, the rents for 340,000 to 512,000 apartments fell, in some cases by several hundred euros. Much to the annoyance of landlords and property owners! Because they finally sued against the law.

After the rent cap in Berlin was ultimately declared unconstitutional by the Federal Constitutional Court, many landlords and owners breathed a sigh of relief. However, the discussion about high rents has not yet come to an end. In addition, rumours are spreading that the real estate giant Vonovia will merge with the real estate group Deutsche-Wohnen, which would result in the largest real estate deal in German history.

Tenants and landlords: Statistics

Tip. Here you can find even more statistics on housing, construction & real estate.

Public opinion: good or bad?

Do you think the Berlin measure of introducing a rent cap is rather good or rather bad?

Tenant Opinion:

  • Rather good: 81%
  • Rather bad: 14%

Total opinion

  • Rather good: 71%
  • Rather bad: 24%

Statistik: Finden Sie die Berliner Maßnahme der Einführung eines Mietendeckels eher gut oder eher schlecht? | Statista

You can find more statistics at Statista.

Opinion in the political parties

It is also interesting to take a look at the parties in Germany. Do you think the Berlin measure of introducing a rent cap is rather good or rather bad? Sorted by party preference.

  • Party = rather good / rather bad
  • Left = 85% / 11%
  • Greens = 83% / 15%
  • SPD = 79% / 13%
  • CDU/CSU = 68% / 27%
  • AfD = 60% / 33%
  • FDP = 47% / 44

Statistik: Finden Sie die Berliner Maßnahme der Einführung eines Mietendeckels eher gut oder eher schlecht? (nach Parteipräferenz) | Statista

If you are planning to move to the capital, want to buy or sell a property, or already live there, we now show you an overview of the most popular and beautiful districts in Berlin.

Living in Berlin: Individual & colourful

Berlin is individual, creative and full of opportunities. More than 3.5 million people have relocated here. As an international location, Berlin is an attractive place to live for people from all over the world. While the district Wilmersdorf in Charlottenburg convinces with its well-kept green areas, the residential areas Prenzlauer Berg and Weißensee in Berlin-Pankow inspire with their unbeatable prices and central location. You want to sell your apartment, your apartment building or your property in the world metropolis Berlin? With our free guides and tips on the topics of real estate sales and real estate valuation, you are well prepared. Read more here:

The most popular neighborhoods to live and reside in are:

  1. Pankow
  2. Charlottenburg
  3. Wilmersdorf
  4. Friedrichshain-Kreuzberg
  5. Prenzlauer Berg
  6. Kreuzberg
  7. Wannsee
  8. Steglitz
  9. Schöneberg

Sell property in Berlin

The city is characterized by numerous sights and recreational areas, but also by the good infrastructure. As a place to live, Berlin is very popular with people of all ages. If you decide to offer a property for sale in Berlin, you can usually achieve purchase prices that are above average compared to other German cities of this size. The purchase price per square metre has increased by around 65% within the last 4 years.

Real estate giant: Merger of Vonovia & Deutsche-Wohnen

It would be the biggest deal in the history of the German real estate market. The billion-dollar real estate companies Vonovia and Deutsche-Wohnen want to merge. What was repeatedly rejected by Deutsche-Wohnen in the past is now set to become reality. Vonovia’s takeover bid is attractive and promising. Both the Vonovia share and the Deutsche-Wohnen share have risen in value in recent years. You can find more information here:

Real Estate News:

The Süddeutsche Zeitung says “Vonovia does not have to become a rent shark”. The Handelsblatt even headlines “Share deals loophole: Why the merger of Vonovia and Deutsche Wohnen is triggering a tax debate” and ARD warns “Merger plans alarm tenants”. The headlines are now familiar. Here is more news from the real estate industry:

Focus Online: KfW loan saves real estate buyers thousands

The Focus Online blog reports on “Study shows: Who should pay? In some regions, buyers boycott exaggerated real estate prices now” and “Construction financing: Building money has never been so cheap” . More news and current laws:

IM Immobilienmanager: Warburg-HIH Invest buys police headquarters near Cologne

This week at IM Immobilienmanager among others articles about “Warburg-HIH Invest acquires new police headquarters near Cologne” and “ISG Germany appoints new managing director” . You can find more news here:

Frankfurter Allgemeine: New life for houses of worship

The Frankfurter Allgemeine reports this week, for example, “New life for houses of worship: What can become of churches” and “Changing neighbourhoods: Images of memory”. More news from the past days:

  • New life for places of worship: what can become of churches
  • House on offer: Tenant desperately sought
  • Changing Neighbourhoods: Images of Memory

Haufe: Will housing become more expensive?

New in the business section of Haufe this week is, among others, “Solar obligation in Baden-Württemberg: Will housing become more expensive?” as well as “Who comes, who goes? New CEO at Dr. Klein Wowi Digital; IC Group replaces management” . More real estate news for tenants, buyers and sellers:

T-Online: Housing prices continue to rise faster than rents

This week T-Online has topics such as ” Real estate collapse in major cities – experts warn of real estate bubble ” and ” Expensive CO2 participation – landlords demand Seehofer’s resignation ” . New topics of the week:

Berlin.de: Vonovia with audit process

New articles and posts from Berlin.de this week include “Rent brake for municipal apartments in Berlin ” and “Expropriation initiative has almost 200,000 signatures” . More headlines of the week:

Immobilien Zeitung: Hamburg is building apartments like it last did in 1974

This week Immobilien Zeitung has interesting topics such as “Hamburg builds as many apartments as last 1974” and “Sometimes only a pharmacy and a supermarket remain of the trade” in the magazine. The posts and more tips can be found here:

Spiegel: Social promises of the real estate bosses?

This week’s Spiegel is about “”The sheer size may worry one or the other”” and “What good is the social promise of the real estate bosses?” . More news from this week:

 

]]> Sylt – Island only for the rich? Documentation: Property, tourism and numbers https://lukinski.com/sylt-island-only-for-the-rich-documentation-property-tourism-and-numbers/ Sun, 17 Nov 2019 23:19:17 +0000 https://lukinski.de/sylt-island-only-for-the-rich-documentation-property-tourism-and-numbers/ Sylt – Island only for the rich? The new SWR documentary is about the most popular German island: Sylt! Did you know? Sylt (99.2 km²) is the largest German North Sea island, ahead of Föhr, Nordstrand and Pellworm. Prices per square metre are rising. Not only the local inhabitants are becoming increasingly elitist, but also the tourists are driving up prices. The more space goes to tourists, the less remains for the residents of Sylt.

Video: Sylt – Island only for rich people?

Selling out a luxury island

Facts and figures about Sylt

We have analysed the data, from 2013 to 2017 alone (latest figures available) overnight stays on the island have increased by +2.08%. More updates: real estate news. In figures, that is 690,461 overnight stays more. In total, Sylt has over 7 million overnight stays per year.

Source: insel-sylt.de

Overnight stays 2013

  • Schleswig-Holstein – total overnight stays 24,806,220 (100.00%) with an area of 15,799 km².
  • Sylt – total overnight stays 6,403,075 (25.81%) with an area of 99 (0.63%)
  • Municipality of Sylt – total overnight stays 4,119,573 (16.61%) with an area of 51 (0.32%)

Overnight stays 2017 (increase 2.08%)

  • Schleswig-Holstein – total overnight stays 29,891,859
  • Sylt – total overnight stays 7,093,536 (23.73%) + 2.08%.
  • Municipality of Sylt – total overnight stays 4.606.429 (15,41%) – 1,20%

Overnight guests up to 3 nights from 2012 to 2018

  • Westerland 84,115 to 107,506
  • Tinnum 7,104 to 10,428
  • Keitum 5,104 to 9,223
  • Munkmarsch 2,401 reduced to 1,669
  • Archsum 414 at 677
  • Morsum 1,695 to 4,010
  • Rantum 18,335 remains almost the same at 18,107

Source: insel-sylt.de

Total 119,168 rises to 151,620

Percentage increase from 0.7% to 2.4

Life on Sylt

Area of the largest German North Sea islands

Did you know? Sylt is the largest German North Sea island. Even before Föhr, Nordstrand and Pellworm.

Statistik: Fläche der größten deutschen Nordseeinseln (in km²) | Statista

You can find more statistics at Statista

Average price for holiday homes / apartments

Average price for holiday homes and apartments in popular German holiday regions in 2018

Statistik: Durchschnittlicher Preis für Ferienhäuser und -wohnungen in beliebten deutschen Urlaubsregionen im Jahr 2018 | Statista

You can find more statistics at Statista

The “cheapest” house costs 6 million euros

The most expensive village in Germany: Here a “cheap” house costs 6 million euros!

]]> Real Estate Bubble – Emergence & Consequences https://lukinski.com/real-estate-bubble-emergence-consequences/ Sat, 13 Apr 2019 16:00:43 +0000 https://lukinski.de/real-estate-bubble-emergence-consequences/ Real Estate Bubble – Here you can get a brief overview of what a real estate bubble is, how it occurs and what the consequences are if it bursts. Real estate bubble – briefly & concisely explained:

What is a real estate bubble?

Many who hear the word real estate bubble first wonder what the term is all about. A real estate bubble is a form of speculative bubble. The term real estate bubble states that real estate is being sold at overpriced prices and is generally overvalued. The higher these prices get, the bigger the real estate bubble gets until it finally bursts after reaching its peak. Once it bursts, prices fall abruptly.

How does a housing bubble happen?

The prerequisite for a real estate bubble is a high demand for real estate through which the real estate price is influenced. Real estate bubbles can arise for a variety of reasons. A common reason is a low interest rate policy in combination with rising real estate prices. If the conditions for granting a loan are relaxed, more people are able to take out a loan, thus increasing the demand for real estate and thus the prices.

Another reason for the emergence of a real estate bubble is government incentive programs. An example would be the concession of a tax.

What causes a real estate bubble to burst?

A real estate bubble bursts precisely when the previously enormously high demand suddenly subsides. But what causes demand to suddenly drop? There are two different possibilities. Everything about renting: tenant guide. Either because the buyers hope for falling prices and for this reason postpone the purchase of a property in the future or when more properties are sold, because the owners are afraid that the property prices will fall and they want to achieve the highest possible price for their property. Due to such a situation, there are more offers, the demand decreases and therefore the prices as well.

Housing bubble or still buying now? – Video

Real estate bubble bursts – the consequences

Real estate bubbles cause many dangers. The last real estate bubble in Germany contributed to the financial crisis in 2007. The consequences of a burst real estate bubble are long-lasting. While the real estate bubble still exists, the social consequences are in the foreground. Especially in the big cities, housing is almost unaffordable for the majority of people. As soon as the bubble bursts, however, the economic consequences come to the fore.

Real estate owners who want to sell their property or who are still facing follow-up financing are also feeling the negative consequences of the real estate bubble. By selling the property, the owners can not only no longer make a profit, but they usually even have to expect a large loss. If the property was bought at a time when the bubble was particularly large, the loss is enormous. But not only such circumstances are conceivable. If a real estate bubble bursts and at the same time a follow-up financing for the property is pending, owners often have to reckon with an increased interest rate level. The monthly repayment to be paid can increase enormously due to this circumstance. If you run into financial problems in this situation, you run the risk of selling the property at a low price and having to absorb a loss.

You can find more infographics at Statista

Real estate bubble in Germany

The last real estate bubble in Germany occurred at the end of the 90s. For seven years, real estate prices kept rising and demand was huge. How is the real estate market developing? Here you will find more answers:

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