Real estate industry: Need “a lot more apartments” in the foreseeable future. Aygül Özkan, general manager of the Central Real Estate Committee (ZIA), predicts continued strong demand for new apartments in Germany.
She appealed to the federal states to reduce property transfer taxes and tighten their building regulations in order to stimulate housing construction. She also advocated government-subsidized loans. The ZIA, which represents 30 associations and around 37,000 companies in the real estate industry, is the leading association.