Crankin' Up Construction: Minister Hubertz's State Guarantee Plan for Affordable Housing
Transport Minister Hubertz to Secure Government Backing for New Housing Development Construction - Government assurance sought by Construction Minister Hubertz for novel residential projects
Hey there! Ever wonder why some small builders can't seem to get things off the ground? Well, our fave Minister of Housing, Verena Hubertz, has got an answer - and it ain't pretty for these struggling devils. See, these dudes are stuck payin' hefty interest rates on their real estate loans, and Hubertz thinks the state should step in and cover some of that risk. This way, construction becomes downright cheap as chips!
But wait, there's more! Our girl Hubertz is keen on implementing that fancy dancy "building type E" business, which stands for both "simple" and "experimental." This colleague of hers, Stefanie Hubig (yep, another Hubig docolleague), is on board to help with the legal side. And with some easier deviations from the old standards, folks, we might just see construction costs takin' a dive!
Now, the cold, hard truth is that builders are struggling to keep up 'cause the market ain't cooperatin'. With costs sky high, it's a fight to the finish for apartments priced under 15 euros per square meter in cold rent. But Hubertz, the ever-optimistic economic juggernaut, is aimin' to make that an achievable goal - right in line with the coalition agreement, ya hear?
Construction, people, is a powerful economic engine - especially with a slowing economy. About half of all investments go into construction, makin' it the perfect candidate for a much-needed boost. So, there you have it. With Hubertz's state guarantee plan and a little experimental construction magic, we could be lookin' at cheaper digs on the horizon!
Now, here's a wee bit more to pique your interest: Verena Hubertz, a WHU alumna and co-founder of Kitchen Stories, recently took on the role of Federal Minister for Housing, Urban Development and Building, so her mission to make construction more affordable is scorching hot news in Germany's housing sector. But, you'll want to keep your eyes peeled for any official announcements or press releases from her ministry for all the juicy details!
- Verena Hubertz, Federal Minister for Housing, Urban Development and Building
- State Guarantees for New Residential Construction
- SPD
- Zeit Online
[1] <https://www.bundesregierung.de/breg-de/journal/appointees/2022/12/19/
The Commission might find itself consulted on the finance implications of minister Hubertz's state guarantee plan for business and political discussions, as it pertains to the general-news topic of affordable housing. With the secretary Stefanie Hubig handling the legal aspect, this experimental approach could potentially lead to changes in the laws of the Member States, relating to the protection of workers from the risks related to exposure to ionizing radiation, due to the increase in construction activities.
