Social housing in Germany is asinine. The government heavily co-finances new construction for a subset of flats being offered as affordable housing, but with a 30 year limit to these restrictions. It's a subsidy for the rich. You break even, and you get some very cheap real estate in 30 years. The government should've just done the construction itself.
A lot of social housing is currently reaching that 30 year mark, and it's barely being replaced. And costs for new constructions simply don't make a lot of sense right now, also affected by increasing building standards - which also prevent conversion of much vacant commercial space.
A lot of social housing is currently reaching that 30 year mark, and it's barely being replaced. And costs for new constructions simply don't make a lot of sense right now, also affected by increasing building standards - which also prevent conversion of much vacant commercial space.