School insurance and guarantee of personal items.

School insurance and guarantee of personal items.

During compulsory and optional school activities, school insurance covers children in case of damage caused or suffered, but also insures certain personal belongings.

School insurance coverage

Extracurricular insurance includes different guarantees that cover children during their school and extracurricular activities. Civil liability compensates victims for damage caused by the child, while individual accident coverage covers costs arising from an accident or damage suffered by the insured. In fact, this ensures reimbursement of hospitalization costs, medical costs, search and rescue, and other expenses incurred by the accident.

School insurance generally offers other guarantees, such as compensation for personal items stolen or damaged within the school and extracurricular context.

Items covered by school insurance

Coverage for personal items varies from one school insurance contract to another. Therefore, it is important to read it before making your choice. Some contracts compensate:

– all personal effects (bicycle, clothing, musical instruments, school supplies, etc.) damaged in an accident that occurred during a school activity,

– Identity documents and keys in case of extortion or assault on the insured within the establishment's facilities or on the way from school to their home.

Annotate: Although school insurance is only mandatory for optional activities, this type of guarantee can also cover damage and theft that occurs during school activities.

Compensation in case of breakage or theft

To receive compensation, the parents of the insured must inform their insurance company of the theft or breakage of personal items. In fact, they must attach to their letter an accident certificate signed by the school director, a copy of the insurance certificate, the child's contact information and an invoice for the expenses to be reimbursed.

In the event of assault and theft of keys or identity documents, a report must also be submitted, as well as quotes indicating the cost of their replacement.

For the preparation of the file, the legal representative of the insured undertakes to provide all the information and documents that allow the guarantees of the school insurance to be verified and the amount of compensation to be calculated. Finally, he must inform his insurer of the names of the other companies involved in compensating for this damage.

Good to know: The insured must be in possession of proof of purchase in order to be reimbursed.

To better understand the provisions of a school insurance contract and ensure you choose the contract that best suits your situation, the help of a broker can be invaluable.

» Enjoy the best of school and extracurricular insurance with

“Remedium” company put to the test: does it offer a solution to the dispute concerning inherited property?

“Remedium” company put to the test: does it offer a solution to the dispute concerning inherited property?

When a property passes to multiple heirs, things usually get emotional. One wants to sell, the other doesn't. A start-up claims it can solve the problem.

Not all inheritances can be divided as easily as an account balance. Disputes often arise, especially with houses and apartments, as soon as several heirs are involved. Some people want to get rid of the property as quickly as possible, others prefer to renovate it and then rent it out. An impasse that could lead to court.

But it can also be simpler – at least that's what those responsible for the Frankfurt start-up Remedium claim. Your offer: You buy the share of the property from the person who still wishes to sell. In legal terms, this is called a divisional dispute.

Remedium announces a complete, worry-free package

“Whoever wants to sell gets their money, and those who want to keep the property remain co-owners and, in addition, have in us a professional partner who takes care of the important things,” explains Robert, co-founder of Remedium. Lindenstreich in an interview with t-online. This means: any renovations that may be necessary and any steps that need to be taken to rent the house or apartment. This is completely free for the remaining co-owner.

The start-up makes money by buying back the co-ownership share of the heir ready to sell it 15 to 25% below the market value. Added to this are income from common rentals. “From our point of view, this is a fair price. Other buyers demand a 50 to 60 percent reduction from the communities of heirs and do not retain the property in the long term. They go to the high court instance and impose a shared auction.” Lindenstreich said. “So the property is gone.”

What is a divisional auction?

Any co-heir can request a shared auction. The property is sold by force to the highest bidder. So it's kind of a mandatory auction. The community of heirs then shares the profits, which are generally significantly lower than those of an amicable sale on the open market.

Remedium definitively excludes a shared auction in the co-ownership contract with the remaining owner. This means that no one has to worry about losing inherited assets later. Unlike the controversial partial sale, in which seniors in particular sell part of their home to an investor, no monthly user fees are due.

“The so-called partial sale is something completely different from the partial sale that we offer,” explains Lindenstreich. “The partial buyer targets financially distressed seniors and owner-occupied properties. And on unethical terms.” With user fees of 6 to 7 percent per year, the sum paid by the partial buyer was quickly exhausted, “without me being able to devote a single cent to life wishes or an obstacle-free conversion.”

Robert Lindenstreich (Source: Remedium)

To the person

Robert Lindenstreich founded Remedium in 2023 with Florian Kania and is its managing partner. He previously worked for several years in investment banking, notably at Rothschild. The 29-year-old studied at WHU – Otto Beisheim School of Management, the University of Maryland and Paris Dauphine University.

The conditions agreed by the heirs with Remedium are governed by the purchase contract for the outgoing heir and the co-ownership contract for the remaining heir. The deal will only be concluded if everyone involved agrees to the regulations. Consumer advocates say the offer is definitely worth considering, but they temper expectations that are too high.

“Not suitable for everyone”

“It is basically a good thing when new paths are taken. This is an urgent need in the real estate market,” says Alexander Krolzik, head of the department of real estate financing, construction and purchase contracts at the Consumer Center from Hamburg. “It remains to be seen whether this really works. » This offer is not a panacea. “This does not suit everyone, because Remedium expects the property to be in a certain location. And even in a divorcing couple, where one wants to harm the other, it is unlikely to reach an agreement.”

Krolzik believes the price reduction is appropriate. “You have to be clear that you are getting less than if you sold freely. This is, so to speak, the price you have to pay for Remedium to help you because the co-heir does not want to sell.”

He advises examining contracts very carefully and, if in doubt, presenting them to an expert from the consumer advice center or a lawyer. However, it is questionable whether everything can really be organized in advance. It cannot be excluded that a blockage will occur later because there is no longer an agreement with the investor.

Buying a house: were conditions better before than today?

Buying a house: were conditions better before than today?

To buy an apartment or house, buyers often need more than 100,000 euros in equity, depending on the size – a sum that scares away many young families.
Image: Photo Alliance

Young people say owning their own property has become far too expensive. The oldest respond: Conditions were not better before. Who is right?

J.akob Werling lets his frustration out freely. After all, it is nothing less than a big lifelong dream that may never come true. The 21-year-old says he would love to have his own home where he could one day raise his own children. They should have a childhood like the one he experienced in his hometown of Herzogenaurach. “But even if I earn well, I don’t know if I will ever be able to afford it,” complains the law student.

Sarah Huemer

Editor in the “Value” department of the Frankfurter Allgemeine Sonntagszeitung.

Nina Hewelt

Deputy artistic director at FAZ.NET and infographic coordinator.

The more he talks about the subject, the less he is able to contain his feelings. Of course he would forgo the vacation if he knew he could then afford a house. He's very careful with his money anyway, works part-time, and recently canceled a ski vacation with his friends because he doesn't want to spend so much. He says he can count on an inheritance that would facilitate his dream of owning a home. But he doesn't want to depend on his parents' wealth. “I would like to build my own house,” he said. “But unfortunately, this perspective does not exist.”

Inherited property? How to avoid arguments

Inherited property?  How to avoid arguments

Even without a will, many things seem at first glance clearly settled in the event of death: thanks to legal succession, the estate passes to the next of kin. But what seems like a formality can lead to divisions, especially if an asset is part of the inheritance and a community of heirs must come to an agreement.

Because unlike cash or shares, an apartment or house cannot simply be broken up and divided. If no will has been drawn up during your lifetime, the beneficiaries are registered together in the land register as a community of heirs – and must therefore make joint decisions about the future of the property.

However, this does not always go smoothly: for example, while one person prefers to sell, the other is attached to their parents' house. And a third would like to tear it down and build a new one. In the worst cases, the house remains empty for years while the people involved fight it out in court.

Community of heirs: important decisions must be unanimous

This is usually only straightforward to the extent that only one person – for example an only child – inherits the house from their parents. If there are several people, “there must be unanimity on most points”, explains Michael Bonefeld, a lawyer specializing in inheritance law in Munich. Not only does the property pass to the heirs, but also all the obligations: possible mortgages, property taxes, current electricity and gas costs, etc.

Unanimity is also necessary if a property is to be sold. For example, one of the heirs can take over the house and pay his co-heirs. But everyone has to agree. If the community of heirs does not succeed, a so-called partition auction is possible, which must be requested from the local court.

Sheet music auctions usually take two years or more

This is a mandatory auction type. It is important to note that only one community member is needed to start a split auction. And this also applies to other members of the community of heirs. Anyone interested can then bid, both strangers and co-heirs.

“Previously, split auctions were always an effective means of applying pressure, especially from the richest co-heir,” explains Bonefeld. But those days are over in the cities, where the highest prices are now also achieved at partition auctions.

However, the lawyer advises against this approach. This does not necessarily mean that the amount obtained can then be immediately distributed among the heirs. “Here too there are later conflicts.” Additionally, it often takes a long time; two years is the rule. It is therefore preferable to regularly sell a property by auction.

Inheritance taxes: only in a few cases can property be inherited tax-free

But it is not only an auction that can reduce an inheritance, but also the resulting tax. Depending on the relationship and the value of the property (which is based on the value of land in the region concerned), different tax classes and allowances apply. The Inheritance and Gift Tax Act (ErbStG) provides information on the multitude of constellations.

Only in a few cases can property be inherited tax-free. This applies, for example, if the parents' house is passed on to the children – but only if they then use the property themselves for ten years and it has no more than 200 square meters of living space.

Real estate as retirement planning: is buying a house worth it?

Real estate as retirement planning: is buying a house worth it?


As of: February 21, 2024, 8:17 a.m.

In Germany, the majority still want to live in their own home. What is behind this wish? And is it even worth buying over renting?

In no other EU country are there as few homeowners as in Germany: less than half of Germans lived at home in 2022. The desire is completely different: according to surveys, almost three quarters of all tenants need their own accommodation.

There are financial reasons for this, but also motivations such as security and creative freedom. In a survey conducted by the German Economic Institute, the Allensbach Institute for Demoscopy and Consult GmbH on behalf of Sparda Banks, a majority of the more than 1,000 respondents are of the opinion that purchasing real estate in it's worth it.

Ensuring the standard of living of the elderly

The topic of retirement provision, in particular, plays an important role for many people when considering purchasing real estate. In order to maintain the standard of living acquired before retirement, even in retirement, private pension provision is becoming increasingly important alongside professional and legal pension provision.

Because the legal pension is significantly lower than the final salary. Pension levels in Germany currently stand at around 50 percent of average income. Anyone who ensures private retirement provision can do so through funds, ETFs or the Riester annuity – or even through real estate. The idea is that you can ultimately live rent-free in your own four walls during your old age.

For many tenants, the question arises whether the rent money should be used to repay a mortgage. True to the motto: “I would rather pay back 1,000 euros every month for a loan than transfer 1,000 euros every month to my landlord – and end up with nothing.” But is this hypothesis really true?

A 2022 study by the research institute Empirica looked into the question of who is actually better off in retirement: renters or homeowners. The results of the survey carried out among 50 to 59 year olds with a net income of between 1,700 and 2,300 euros are quite clear. Homeowners had more than five times the net worth of renters. They had net assets of 36,000 euros, while the owners had 190,000 euros.

Additionally, the owners were even ahead when it came to financial assets, meaning what was in the account and not in the property. Owners in the same income bracket had financial assets of just under 52,000 euros, tenants only more than 31,000 euros.

Real estate triggers “positives compulsory savings contract” out of

Although these figures should be viewed with caution, as they only reflect cases in which the property purchase was successful and exclude many other factors: one of the reasons why homeowners are often wealthier in older age is that paying off a home loan requires a lot of discipline. . The real estate loan is a form of positive compulsory savings contract.

The fear that the bank will repossess the newly built or purchased house is a great motivation to “save” enough to repay the loan. Homeowners must pay their loan installments to the bank every month. In return, homeowners are willing to make sacrifices and pay more attention to price when it comes to their spending. And this can be seen in the wealth difference between homeowners and renters.

“Ultimately, I have to be aware – if my name is not Krösus – that the first ten years will probably be difficult and that I will have to refrain from consuming,” says financial book author Gerd Kommer in the podcast “Gold & Asche: Hauskauf Project”. ARD financial editorial team. “That I can’t go on vacation to the Maldives, that I can only afford a small car, that I just need to save money.” This is especially true during the first ten years, as household income is often lower during this time.

Gold and ashes

Podcast “Gold & Ash: Home Buying Project”

In the first season of “Gold & Asche”, the ARD financial editorial team The most important things when buying a house are examined step by step in seven episodes – with background information and expert knowledge. You can hear it in the ARD Audio Library and wherever podcasts are available. You can find the individual episodes here.

Episode 1: Is it worth buying a house? (the 21st of February)
Episode 2: The right time to buy a house (February 21)
Episode 3: How Much House Can I Afford? (February 28)
Episode 4: What should I pay attention to when getting a loan? (March 6)
Episode 5: How the State provides financial support for the purchase of a house (March 13)
Episode 6: All about energy renovation (March 20)
Episode 7: Was everything better before? (March 27)

“Lifestyle inflation” phenomenon

Tenants are also required to pay their rent on time each month. However, it is generally not necessary to go to financial extremes to become debt free as quickly as possible, until retirement at the latest. This also includes owners making special refunds if anything is left.

In comparison, a tenant can voluntarily invest their disposable income in the capital market in addition to rent and necessities. But very few people are so disciplined without constraint.

This phenomenon is also known as “lifestyle inflation” or “lifestyle drift”: you earn more and could theoretically save money or invest it in the capital market, but instead of that, you simply spend more. The tenant can afford this “additional” consumption, but it is also to the detriment of his assets.

The rent is not comparable to the monthly loan payment

Owners can therefore, on average, have more assets than older tenants. However, the comparison between the monthly rent and the amount of the loan to the bank is incorrect: it assumes that the tenant's monthly charge is the same as that of an owner. In order to achieve a correct comparison between tenant and buyer, all costs incurred by the landlord must be included in the calculation.

On the one hand, tenants pay rent that is not used to build their assets, but on the other hand, they bear no risk, as Niels Nauhauser from the Baden-Württemberg Consumer Center said. ARD financial editorial team explain. If something breaks, needs to be repaired or maintained, the tenant doesn't pay. The owner, on the other hand, must calculate in the long term “that the entire residential property will be – I would say casually – destroyed in 50 years”, explains Nauhauser.

Maintenance costs depending on condition or size

In order to maintain the value of your property, you must provide, in addition to the monthly loan payment, funds for renovation and maintenance costs. Consumer rights activist Nauhauser expects around two percent of the building's value per year. For a property worth 400,000 euros, this could amount to a good 8,000 euros per year – or around 670 euros per month, which would also have to be put aside. Other estimates are based on values ​​such as square footage or age.

The rent cannot therefore be directly compared to the maturity of the loan; most likely with interest payments, including acquisition and maintenance charges and all other ongoing charges. Ultimately, the interest is not paid to the retirement pension, but rather to the bank. And maintenance costs, which are not used to increase the value but rather to maintain the property, fall, for example, on traders or insurance companies.

A good retirement?

A property in principle constitutes good retirement provision if the purchase conditions – such as sufficient capital – are met, explains Kommer. “It’s a good form of retirement planning, but it doesn’t have to be the best and it’s certainly not the only good one.”

Niels Nauhauser from the consumer advice center also points out that real estate can be a profitable precaution, but it is not obligatory. Looking back, many asset classes are more profitable than real estate.

Protection against eviction

In addition to retirement provision, security is also an important reason for many people to own their own property. Landlords don't have to worry about whether their apartment will be evicted for personal use. The German Tenants' Association estimates – due to lack of official figures – the number of terminations for personal use of rental apartments at just under 80,000 per year.

But that’s a small number considering there are more than 40 million apartments in Germany. The probability that the apartment will be canceled is therefore quite low. But of course, the risk is permanent.

Green house, final round for property redevelopment directive

Green house, final round for property redevelopment directive

The new rules for the greenhouse in the final phase. The legislation will be on the Ecofin table tomorrow to close the loop on a subject which risks costing taxpayers of the Old Continent dearly. Especially to those of Southern Europe, primarily Italy, due to a very old and particular real estate heritage.

But the worst is that governments will not be able to count on additional funds compared to those already allocated by the Union. In other words, for bonuses, it will only be possible to use the National Recovery and Resilience Plan, the Social Climate Fund and the Cohesion Fund. Objective: zero emissions by 2050. The only consolation: the sanctions have not been passed in a context where Member States will have more room for maneuver.

The landscape

More than a year after Parliament’s vote, the circle should therefore be closed on a very controversial subject as the European elections draw to a close. The impression is that in Brussels the current establishment is putting its foot on the accelerator to secure the new rules on the Energy Performance of buildings.. Rules which could be re-discussed in the event of an electoral result likely to modify the current political balance of the Union.

An unprecedented intervention

The legislation will affect five million worst-performing properties. Compared to the first version, the current version predicts a reduction in average energy consumption of 16% by 2030 and 20 to 22% by 2035. Target remains 2050 when all residential properties must be zero emissions with limited energy consumption. The energy classes and the deadlines for achieving them therefore disappear from the document.

The positive impact of new buildings that are more energy efficient than those already in place cannot be taken into account in the calculation. In fact, the new rules provide that at least 55% of the reduction in energy consumption goes through the redevelopment of the most energy-intensive buildings.

There is room for exceptions

There is the possibility of excluding certain properties. It will be up to governments to set the limits. But now, for Brussels, buildings subject to restrictions, intended for defense purposes, second homes used less than four months per year, temporary and religious buildings, small properties of less than 50 square meters can be exempted.

“Gentle” cessation of fossil fuels

A total ban on fossil fuels is planned for 2020, but no sanctions are planned. In the meantime, from next year States will no longer be able to issue incentives for boilers powered solely by fossil fuels. This is no small matter given that at the end of this year, in Italy, a large part of housing bonuses will expire.

Estimates of Italian family spending

It is naturally early to do the math, as much will then depend on the government’s implementation decisions. However, according to Codacons, the energy requalification of buildings involves an average investment of between 35,000 and 60,000 euros considering a house of 100 m2. And so, given that the public debt has reached three trillion and there is not even room to guarantee more funds for health and education, with the new green rules, Italians will inevitably have to draw in their wallet

Properties confiscated from the mafia: in Genoa there are 68, how they are used

Properties confiscated from the mafia: in Genoa there are 68, how they are used

In Genoa there are 68 properties confiscated from the mafia, all of which are civic property, twelve of them have been assigned to civic uses, forty have been assigned to associative purposes and eleven are awaiting assignment. There are forty-four from the “Canfarotta Confiscation”, of which forty were allocated for social purposes, two institutional and two still awaiting concession.

The data emerged in recent hours during a commission during which Heritage Councilor Francesco Maresca took stock of the situation. Thanks to a fund from the Liguria Region, funds of 500 thousand euros have been allocated to the city of Genoa, a figure that the administration plans to increase to 600 thousand by the year: currently around 400 thousand have been used , which were used for the valorization and recovery of the infrastructures of 33 properties.

“There is an immense amount of work behind this – explains Councilor Maresca – which involves our offices, the advisers, the Antimafia Directorate and the Prosecutor's Office. These are all entities that I thank for the work they do. We are aware that at this time there are still critical issues with some properties, but we are trying to work so that these can be resolved. We are also planning to organize a Confiscated Property Festival, like those organized in other major cities. , where we would like to intervene, beyond party colours, key figures in the fight against the mafia, associations, magistrates and all those who have been fighting for years this enemy which is still insinuating itself into our society.

The confiscated premises and properties are made available by means of a notice – available on the municipal notice board – and those of the premises – two warehouses and an apartment – located in via Soziglia, piazza San Giorgio and vico Mele have recently been published . Among the proposals received by the commission, that of allocating one or more buildings to anti-violence centers and associations dealing with male violence against women, to try to create shelters adapted to protect and help women victims of violence to regain their independence. We are also studying the identification of a property that would bear the name of judges Giovanni Falcone and Paolo Borsellino, symbols of the fight against the mafia, a proposal coming from councilor Nicolas Gandolfo and the Liguria center list.

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Buying an apartment in Oberberg: step by step

Buying a property often represents the start of a new stage in life, whether as a home or as an investment. In Germany, especially in the attractive Oberberg region, a thoughtful approach is necessary to ensure a smooth process from the first visit to handing over the keys.

First steps: market research and financing planning

Before you start looking for the ideal property, a comprehensive market study is essential. The Oberberg region should not be ignored. Depending on location, prices and demand can vary significantly. It is advisable to analyze current market conditions, price trends and future development potential of the desired area.

At the same time, solid financial planning is crucial. A detailed overview of your own budget and a comparison of possible construction financing providers, including public financing, form the basis of any real estate investment. A prior financing commitment from the bank can not only strengthen your own negotiating position, but also speed up the purchasing process.

Find the right property

Once you have an overview of the market and your own financial possibilities, the search for the right property begins. Oberberg offers a variety of properties, from historic buildings to modern new buildings. Online portals, local real estate agents and advertisements can be helpful in your search. Particular attention must be paid to the location, the condition of the property and its surroundings in order to benefit from the investment in the long term.

Visits: more than just a first impression

When visiting, it’s important to look beyond first impressions and ask critical questions. In addition to obvious aspects such as the condition of the property and equipment, hidden defects, the heating system, energy efficiency and possible noise pollution should also be taken into account. It is advisable to consult an independent expert, especially for old buildings in Oberberg, to avoid surprises later.

The purchasing process: From reservation to appointment with the notary

Once the decision has been made for a property, the reservation follows in order to secure the property. It is usual for a booking fee to be charged, but these will be taken into account when concluding the purchase contract. The next step is the preparation of the purchase contract by a notary. In Germany, the draft purchase contract must be carefully checked because it determines the exact conditions of the purchase of the property. The notary appointment itself is the formal act in which both parties sign the contract.p>

Financing and additional purchase fees

In addition to the purchase price, additional costs must also be taken into account, which in Germany can reach up to 12% of the purchase price. This includes real estate transfer taxes, notary and land registry fees and, where applicable, the broker's commission. These costs vary in Oberberg, so an accurate calculation in advance is important. The financing itself is released by the bank after signing the purchase contract and registering a transfer notice in the land register.

After purchase: handover and move-in

Once the purchase price has been paid in full and registered in the land register, the keys will be handed over. This moment marks not only the legal but also emotional transfer of ownership. However, before moving in, the property should be carefully inspected to check its contractual condition and any defects. Only then can the new phase of life begin on your own property in Oberberg.


Buying a property in Germany, especially in the charming Oberberg region, is a complex process that requires careful planning and preparation. From initial market research to handover of keys, visits and the purchasing process, each step must be carefully considered. However, with the right approach, the dream of owning your own home or making a profitable investment can become a reality.

Published by:

ARKM Central Editorial Office

Real estate loans: how are real estate interest rates changing?

Real estate loans: how are real estate interest rates changing?

According to Interhyp, the stable level of interest rates, the (still) low prices and the bargaining power make the purchase of real estate attractive at the moment – the development of interest rates depends more on the property markets capital than the monetary policy of central banks.

The real estate market is increasingly stabilizing into a “new normal” and interest rates are stabilizing at a constant level, says Mirjam Mohr, commercial director of credit broker Interhyp, in the latest interest rate update. interest. This leads to better affordability and planning for potential property buyers.

“A new, healthier balance has emerged with greater real estate supply than in previous years and greater price negotiating power for buyers,” Mohr said. Property prices remain lower than before the interest rate reversal.

ECB key rate: effects on the real estate market

However, the key interest rate policy of the European Central Bank (ECB) is less important for the development of construction interest rates than the development of capital market interest rates, as Carsten Brzeski, chief economist for Germany and Austria at ING direct bank, explains. Already in autumn 2023, financial markets assumed that the ECB would lower its key rate relatively quickly during the year 2024. Since then, interest rate cuts of around 125 basis points are expected by end of December and integrated accordingly. This resulted in a significant drop in building interest rates below the 4 percent mark.

“Financial markets have now given up their aggressive expectations of falling interest rates, which has led to rising interest rates in the capital markets,” Brzeski said. If the ECB is expected to slowly reduce its key rate from the summer onwards, capital market interest rates should no longer react. “Only if the ECB moves towards more monetary support for the economy next year could capital market interest rates fall further.”

Forecast: three ECB interest rate cuts of 25 basis points each

At a conference, Brzeski stressed that financial markets' expectations of the ECB had changed slightly since then. These would currently imply a reduction in key interest rates of only around 100 basis points in 2024, which has recently led to a slight increase in interest rates in the capital markets.

The expert also said he expected the ECB to cut interest rates three times, by 25 basis points each, by the end of the year. According to Brzeski, central bankers will be reluctant to cut the key interest rate too quickly until they are certain that inflation will remain consistently near 2 percent. “If the inflation rate remains constant over the next two months and wages do not increase, the first cut in key rates could take place in June,” predicts ING's chief economist. Most credit institutions see this in the same way from the monthly panel of Interhyp interest rates.

Construction interest rates range from 3.5 to 4 percent

If the ECB remains on track towards a first interest rate cut in June 2024, loan interest rates should initially continue to move sideways. The majority of experts in Interhyp's interest rate panel estimate that construction interest rates for ten-year loans will be in the range between 3.5 and 4 percent in the coming months.

However, Interhyp CEO Mohr also notes that real estate prices have increased slightly again since the start of 2024 due to increased demand. “This overall positive image of the real estate market provides a very good incentive for potential buyers to realize their dream of homeownership now,” says Mohr.

You might also be interested in:

The ECB keeps its key rate constant – construction loans are also stable

ECB key rate: effect on the real estate market often overestimated

Turning point: houses and apartments become more expensive again


Sonnenhaus: model apartment opened in Wernigerode's most innovative GWW building

Sonnenhaus: model apartment opened in Wernigerode's most innovative GWW building

Construction and housing company Wernigerode mbH

Wernigerode (ots)

  • Wernigerode construction and housing company starts renting the Sonnenhaus
  • OBM Wernigerode: “The most unusual architectural ensemble in our city impresses both inside and out”

Architecture that follows the sun, spacious loft-style apartments, an autonomous alternative energy supply that reduces additional costs: potential tenants can now experience all this in the new GWW Sonnenhaus in Wernigerode Pappelallee. The opening of the model apartment in the Sonnenhaus on April 3, 2024 sparked enthusiasm among the first potential tenants and representatives of the municipal corporation. House designer Carolin Richter has designed a 3-room apartment whose furniture and furnishing examples leave nothing to be desired and awaken dreams of life.

Tobias Kascha, OBM Wernigerode, about the project: “The Sonnenhaus is certainly the most unusual architectural ensemble in our city today, but it is convincing inside and out. It shows me how the future of our life can be combined from interesting way with alternative energy sources. Maximum use of sunlight leads to new apartment designs and technical building solutions that impress.

Tobias Kascha praised GWW's initiative to stick to the plan even in times of crisis. “The city is proud of its daughter, who, after 18 years, is building a new building. And not just any building, but an innovative step into the future. The benefits for future tenants are obvious. The Sun always provides heat and electricity at the same price. As a city, we support sustainable projects in every way. And we look forward to imitators.”

In this sense, he also expressed himself Immo Kramer, Chairman of the Supervisory Board of GWW: “As a supervisory board, we have supported the Sonnenhaus project from the beginning. And we will also positively support GWW's other visionary projects.” Immo Kramer also suggested looking at the energy balance of the solar house from a certain distance in order to be able to draw lessons for other projects in the city.

“The groundbreaking ceremony will take place in January 2023, the topping out ceremony will take place in December and the model apartment will now be ready and rentals will begin in April 2024.” Christian Zeigermann, Managing Director of GWW is pleased that the construction of the solar house is progressing quickly and that everything is going according to plan: “In Pappelweg there was a conventional house from the 1950s with coal heating. Our “solar house” is now under construction on this site, which describes the future of construction in Wernigerode. Half-timbered houses, “buildings from the 1950s, prefabricated buildings as well as new houses with energy architecture will shape the urban landscape of the Harz metropolis in the near future”, the GWW managing director is convinced.

“With the Sonnenhaus, we want, as a municipal subsidiary, to be a pioneer in Wernigerode,” continued the GWW managing director. The building will guarantee stable and secure additional costs, largely independent of current market prices. In the Sonnenhaus there would be 15 residential units of different sizes with 2-4 room apartments for different target groups of tenants. Multigenerational living is a priority. “The young take care of the old and the old can support the young. » That's the concept, says Christian Zeigermann.

“The building is a combination of solar thermal energy for water preparation and photovoltaics for electricity production. And the heat is generated via wood pellets and buffer storage,” explained Christian Zeigermann, director general of GWW.

When it comes to new buildings, GWW now prioritizes energy concepts. Given current energy policy discussions and rising prices, this is urgently needed.

Other modern technologies are also used in the solar house. Each parking space can have an electrical connection. A shared bicycle storage room with electronic connections for e-bikes is also planned. The architecture is also interesting. It tracks the maximum use of the sun's energy.

It also requires an extraordinary architectural language. The roof slope is oriented strictly to the southwest for maximum sun absorption. This gives the building its exciting shape.

The task of furnishing the GWW model apartment was also exciting for them. Visual marketing specialist, Carolin Richter, from “Wohnjuwel – Home Staging” by Aken an der Elbe (S/A), as she puts it. The alternative energy housing project inspired her to use light tones, wood and lots of natural experiments with plants and greenery in the rooms of the model apartment.

The theme of health and sustainability is also part of this for her. It determines in particular the furniture, e.g. B. the large living-dining room, the bathroom and the bedroom. She designed the third living room as a multifunctional room, including a workstation and additional sleeping space. It can therefore be used as a home office, guest room or even for children, which is very popular today.

Except for the kitchen furniture, everything is real furniture, she says. Textiles and lighting moods in all rooms create emotionality and increase the imagination of how one can live in these rooms. Thanks to her seven years of experience in home staging, Carolin Richter knows that stylishly furnished model apartments “create more interest, make the rental process easier and shorter, and trigger more vivid imagination in customers as well as the security of choosing the right apartment”.

“The progress of the construction of the solar house has already generated a lot of interest in Wernigerode. We can now also present the interior of the house via the model apartment,” says one person happily. Leon Seltitz, owner of GWW. He sees the Sonnenhaus as an example of how GWW can attract new target groups of tenants. “Environmentally friendly living with significantly lower additional costs. And for people open to novelty in their apartment plans. Current demand extends to all generations,” he reports. “The accessibility, the energy concept, the open kitchens, the terraces, balconies or loggias in each apartment and the parking spaces for residents are well received in the Sonnenhaus,” continues Leon Seltitz. If necessary, he now explains the concept of space and energy of the solar house, from the ground floor to the duplexes under the roof, during viewing appointments. It is his pleasure to bring such an exceptional and exciting GWW property to market.

GWW in brief

The construction and housing company Wernigerode mbH, a subsidiary of the city of Wernigerode, manages around 3,000 homes with a total living space of 176,000 square meters in the Harz metropolis. The apartments are located, among other places, in the residential districts of Altstadt, Burgbreite, Stadtfeld, Harzblick and in the district of Benzingerode. Around 7,500 of the approximately 34,000 inhabitants of Wernigerode live with the GWW. The GWW also operates 28 commercial units, including a café, the Wernigeröder Volkslichtspiele cinema, the Princely Marstall, the Krummelsche Haus and the medical center at Platz des Friedens. A new addition is a creative loft with coworking spaces. At the same time, she is the builder of the new August Hermann Francke primary school in Wernigerode.

Press contact:

Michael von Raison, Tel. : 030/88943028, Mobile: 0151/52572024

Original content from: Association for Building and Housing Wernigerode mbH, transmitted by news aktuell