D.he new federal government wants to change a few things for property owners. According to their coalition agreement, the building and living of the future should be affordable, but also climate-neutral and sustainable. However, it is unlikely that both goals can be achieved at the same time. The traffic light parties would like the federal states to have higher tax exemptions for real estate transfer tax and promise cheaper financing for private property purchases. This should enable more citizens to live in owner-occupied property. However, the coalition agreement contains expensive surprises for anyone who has made the leap into real estate ownership. From January 1, 2025, 65 percent of all newly installed heating systems are to be operated on the basis of renewable energies.
Politicians have apparently also forgotten that many private property owners rent out housing. Such amateur and small landlords even provide around 60 percent of all rental apartments in Germany, so they are of great economic and social importance. For these around 3.9 million small landlords, to whom the cliché of the rich landlord rarely applies, the planned extension of the rent brake until 2029 is having a negative impact. The same applies to capping rent increases in metropolitan areas to 11 percent per year. The plan that landlords will have to contribute to the energy costs of their tenants in the future affects not only housing groups, but also middle-class citizens who have bought a rented condominium as an investment.
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