(Latest update: 22 August 2022) First, there is not THE real estate market – not national and certainly not international. In fact, the market situation is very fragmented due to the general conditions, in other words, many individual markets, collectively referred to as “the market”. Metropolitan Area A faces different challenges than Metropolitan Area B and Metropolitan Area C can not even understand what A and B are talking about. Where there is comparability, is the housing situation in the “affordable segment” in urban centers in all western EU states, the US and Canada. This is where the call for the state, which should intervene regulatively, quickly becomes louder. In free market economies, however, this is on the one hand not wanted and therefore on the other hand, only limited possible. That’s pretty okay, because the market is inherently profit-oriented and that’s just what it will stay, otherwise investment incentives for new construction would sooner or later be completely absent. The “rental price brake” (Mietpreisbremse) exemplifies the problem. At the same time, more and more social housing is being let out of the rental price brake without replacement investment being made. In the following, single aspects are examined in more detail using the example of Germany, whereby the scenarios also apply to other western countries such as the EU states, the US, the United Kingdom, Canada, Australia, New Zealand, but also, e.g., to Dubai and Abu Dhabi in the United Arab Emirates, Hong Kong, Singapore, Seoul in South Korea, Tel Aviv in Israel and other emerging metropolitan regions around the world. read more…
The electoral participation in the Bundestag election in 2017 was 76.2%, and again increased by just under 5% compared to 2013 with 71.5%. The electoral participation has now risen for the third time in a row, which in principle is a very good signal. People are more and more interested in politics and realize that it is “about something”. Parties who could reach the 5% hurdle to enter the Bundestag are:
The Stadt- und Pfarrkirche St. Marien zu Wittenberg (Town and Parish Church of St. Mary’s) is the civic church of the German town of Lutherstadt Wittenberg. The reformers Martin Luther and Johannes Bugenhagen preached there and the building also saw the first celebration of the mass in German rather than Latin and the first ever distribution of the bread and wine to the congregation – it is thus considered the mother-church of the Protestant Reformation. Since 1996 it has been a World Heritage Site – it, the Castle Church of All Saints (Schlosskirche), the Lutherhaus, the Melanchthonhaus and the surrounding Dessau-Wörlitz Garden Realm form the world’s densest concentration of World Heritage Sites in one area. read more…
Königstein Fortress, the “Saxon Bastille“, is a hilltop fortress near Dresden, in Saxon Switzerland, above the town of Königstein on the left bank of the River Elbe. It is one of the largest hilltop fortifications in Europe and sits atop the table hill of the same name. The 9.5 hectare rock plateau rises 240 metres above the Elbe and has over 50 buildings, some over 400 years old, that bear witness to the military and civilian life in the fortress. The rampart run of the fortress is 1,800 metres long with walls up to 42 metres high and steep sandstone faces. In the centre of the site is a 152.5 metre deep well, which is the deepest in Saxony and second deepest well in Europe. The fortress, which for centuries was used as a state prison, is still intact and is now one of Saxony‘s foremost tourist attractions, with 700,000 visitors per year. read more…