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23.12.2021

Investment

Outlook for 2022

A turbulent year is slowly drawing to a close. While the corona pandemic continues, Germany has a new government made up of the SPD, the Greens and the FDP, which has a lot planned for the year ahead. In addition to fighting the pandemic, climate change and raising the minimum wage, the coalition agreement also envisions the construction of 400,000 new climate-friendly homes, including 100,000 publicly subsidized residences, within a year. A new Ministry for Building and Housing has been created specifically for this purpose and will take over construction projects from the Federal Ministry of the Interior. It will be headed by SPD politician Klara Geywitz, who most recently worked as head of the audit department for construction, housing and transport at the Brandenburg State Audit Office. According to current plans, a nationwide rent cap is not envisaged. For municipalities with more than 100,000 inhabitants, however, there will be an obligation to introduce qualified rent indexes. In addition, the coalition partners have agreed to extend the rent brake until 2029 and to lower the cap in tight housing markets from 15 to 11 percent. According to the coalition agreement, the costs of housing construction are also to be reduced, for example through serial construction, digitalization, standardization and cutting bureaucracy.

Architectural highlights in Berlin 2022

In addition to the Federal Ministry of Building’s ambitious goal of creating 400,000 new apartments, there are also a number of architectural highlights in the capital that are scheduled to begin next year: For example, starting in January 2022, a 38-meter-wide set of seating steps will be built on the Spree Canal in front of the Humboldt Forum, leading down to the water and thus providing access to the future outdoor pool on Museum Island. It is the first construction phase of the Flussbad Berlin project, which will extend from Fischerinsel to the tip at the Bode Museum. The staircase is scheduled for completion in 2024.

Starting next year, yet another architectural eye-catcher can be admired in front of the Humboldt Forum, where the Freedom and Unity Monument will be inaugurated in the fall. The huge walkable steel shell will commemorate the peaceful revolution and the fall of the Berlin Wall in 1989.

By contrast, a completely new district will be created in Spandau starting next year: Siemensstadt² will be a mixed-use, CO2-neutral neighborhood and will include research and production areas, 3,000 apartments, a school and open spaces. The Smart District is scheduled for completion by 2030. Another architectural and cultural highlight can be found at the former Tempelhof Airport, which is to be converted over the next few years. Starting in the fall, the airport tower on the 1.2-kilometer-long roof will host exhibitions, presentations and other cultural events.

Architecture and culture are also impressively combined in the Ephraim Palais Museum, which is finally scheduled to reopen in September 2022 after having been closed for years. In the carefully renovated historic rooms of the magnificent rococo-style corner building, Berlin’s urban history can finally be experienced again.

David Borck Immobiliengesellschaft starts with two new projects

David Borck Immobiliengesellschaft is also starting 2022 with two new projects for which preparations are already underway: On Kreuzberg’s Urbanstraße, we will start marketing two commercial and 20 residential units, six of which are rent-controlled. Completion of the new Jahn Urban building, designed by Thomas Hillig Architekten, is scheduled for the third quarter of 2022. The 2- to 4-room residential units will range from about 35 to about 170 sqm. However, if you don’t want to miss out on the charm of Berlin’s pre-war buildings, our new project at Monumentenstrasse 38 in the Schöneberg district is the right place for you. A total of 19 apartments will be on the market here next year, ranging in size from 43 to 128 sqm and with one to four rooms. We will announce more detailed information in the coming weeks. You can find our current projects on our website.

If you have any questions about real estate, our experts will be happy to advise you.

Please feel free to contact us at 030 88774250 or service@david-borck.de.

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David Borck Immobiliengesellschaft

Schlüterstraße 45 | 10707 Berlin | service@david-borck.de
Telefon +49 (0)30 887 742 50 | Telefax +49 (0)30 887 742 525