In view of the ongoing housing shortage, politicians want to focus more on the conversion of existing areas in future. A current draft law envisages making it easier to convert commercial and mixed-use areas into residential areas. Vacant office buildings could also be converted into residential space more easily. What does this mean for owners - and what opportunities does it present?
Faster approval for reclassification
Until now, changes of use have often been associated with complex procedures. In future, local authorities are to be given more leeway to initiate projects locally - for example through simplified development plans or shortened deadlines for planning permission. This will give owners of unused buildings a new incentive to upgrade existing properties and make them available for the housing market.
Opportunities for owners with vision
In urban areas in particular, former commercial sites are often well developed, integrated in terms of infrastructure and conveniently located - ideal conditions for conversions. Those who plan early and focus on sustainable concepts can not only make use of subsidies, but also benefit from increasing demand for central living space.
What to consider
Despite simplified procedures, noise protection, ventilation, energy efficiency and parking space regulations must be met. A feasibility study or advice from architects can help to realistically assess economic and structural hurdles. A professional approach can turn vacant space into new value - for you and the city.
Conclusion
The planned changes to the law could open up new opportunities for many owners. Those who plan early and recognize potential will benefit from subsidies, an increase in value and a socially sensible use of existing properties.
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