Dipl.-Ing. Ralf Werner, Geschäftsführer Instone Real Estate Region – Copyright: Instone Real Estate
-Aengevelt in conversation with Dipl.-Ing. Ralf Werner, Managing Director Instone Real Estate Region Rhein-Main, on the framework conditions on the housing market, COVID 19, economic diversity and creative impulses.
Aengevelt:
Which corona-related effects on the Rhine-Main housing market do you feel particularly?
Ralf Werner:
Overall, the housing market in Rhine-Main is robust in the Corona crisis. At the outbreak of the pandemic and especially in the months of March and April, we saw a significant decline in demand in the metropolitan region due to the general uncertainty – as well as in all of Germany. Meanwhile, however, there has also been a rapid recovery.
Today, for example, our sales department is reporting a demand for our “Marie” project in Frankfurt-Nordend, as in pre-Corona times. What is very gratifying and certainly a surprise for many: There were no delays due to Corona on our construction sites! Of course, at the beginning of the crisis, when the borders were closed, there were individual cases where a single construction team was missing for a short time, but there were never any major failures that would have disrupted our construction schedules. I would also like to thank all the trades here.
The increased security measures on the construction sites that have been introduced since Corona also do not lead to any delays on the Instone construction sites.
Aengevelt:
What problems do you currently see on the housing market in Frankfurt / Rhein-Main?
Ralf Werner:
In the Rhine-Main area, high demand for apartments meets framework conditions that do not always make new apartment construction easy. As an industry, together with politics and administration, we must constructively tackle the issues that slowed down important residential construction in the Rhine-Main area long before Corona. In the big cities of the region in particular, the rising land prices make it difficult to build at the price wanted by politicians.
At the same time, the legislative requirements in the form of detailed standards and regulations increase every year, which also drive the price up.
In addition, long approval times often cause delays. A streamlining of the B-Plan procedures would be desirable.
Aengevelt:
What are the strengths of the Rhine-Main housing market?
Ralf Werner:
The Rhine / Main region will continue to develop strongly in the coming years, especially demographically. Frankfurt’s population alone is expected to grow by a further 15 percent by 2040 (note according to the State Statistical Office in Hesse), of course Frankfurt’s surrounding area also benefits from this and we also see cities such as Darmstadt, Mainz and Wiesbaden as strong anchors in this metropolitan region with an attractive economic and demographic development. The economic diversity is increasing – in addition to the industries established in the region, an innovative startup culture is growing.
New creative impulses, such as the “Fashion Week” coming from Berlin to Frankfurt, are also attracting new industries. In my opinion, this mix is also good for the housing market. Another strength in the region is certainly the good cooperation between private developers and municipal housing companies, such as our cooperation with Nassauischer Heimstätte and ABG in Frankfurt.
This press release was published on the press distribution list openPR.
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AENGEVELT IMMOBILIEN GMBH & CO. KG, founded in 1910, is with approx. 130 employees at the locations Düsseldorf (head office), Berlin, Frankfurt / M., Leipzig, Magdeburg and Dresden one of the largest and most experienced real estate service providers in Germany and offers its customers together with its partner networks DIP – Deutsche Immobilien-Partner and CORFAC International nationwide and international comprehensive, customized support in the office, retail, logistics, hotel and residential market segments.
The company accompanies and advises its customers on the basis of its extensive scientific real estate research along the entire value chain of their properties – from purchasing to project initiation / support, leasing, etc. to exit / sale.
Results for the 2019 financial year: approx. 300,000 m² of brokered commercial rental space and accompanied investment transactions worth approx. EUR 950 million.
Aengevelt keeps the fee volume with foreign investors and users constant at around 40% of the brokerage turnover.
Aengevelt also has its services regularly checked by an independent market research institute. The results of the most recent survey are again top marks in terms of customer satisfaction: 99% of those surveyed would use Aengevelt “in any case” or “possibly” again as a service provider, 98% would use Aengevelt “in any case” or “possibly” Recommend business friends or business partners.
These results are confirmed by current studies, for example by FOCUS-MONEY (edition of 02/26/2020), in which Aengevelt was once again awarded the “highest customer satisfaction” rating, as in the two previous years.
In order to guarantee its customers a completely interest-independent, market-oriented specialist advice, Aengevelt is and remains absolutely independent of banks, insurance and instructions and thus free of all-financial and corporate strategies and also maintains a comprehensive value management. In addition, Aengevelt has been DIN EN ISO9001: 2008 certified since 2008 and in 2010 was one of the first companies in the German real estate industry to receive the “Compliance Management” certificate from the “Initiative Corporate Governance der Deutschen Immobilienwirtschaft eV” (ICG).
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