“We will sell more new buildings than originally planned.”
(Photo: Jann Höfer for Handelsblatt)
Bochum Germany’s largest landlord, the Dax group Vonovia, considers rent increases to be inevitable given the high inflation rates. The real estate giant owns around 565,000 apartments in Europe, most of them in Germany.
In the first three months, rents at Vonovia have already increased to an average of EUR 7.40 per square meter – that was 3.1 percent more than a year earlier.
The 57-year-old CEO Rolf Buch spoke to the Handelsblatt about what to expect for tenants and real estate buyers in the next few years – and how he thinks about his stake in rival Adler today.
Read the full interview here:
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