Government officials call for increased federal involvement in residential construction.

Property market undergoes transformation - Government officials call for increased federal involvement in residential construction.

The Housing Minister of North Rhine-Westphalia (NRW), Ina Scharrenbach from the CDU party, thinks it's time for the federal government to give a "boost" instead of causing problems. She's mentioned that there are already plans to make housing more affordable, and it's now crucial for the government to step in.

Scharrenbach believes that a temporary hold on building costs would be beneficial. Ina thinks that the housing sector is struggling because of the war in Ukraine, supply chain issues, and high prices for construction materials, combined with increased interest rates. Regulations, like the Building Energy Act, haven't made things any better.

On Tuesday, ministers from the federal government, the construction and housing industry, tenants, and municipal associations gathered for a state summit to explore ways to provide more affordable housing options.

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1. Ina Scharrenbach, the Housing Minister of North Rhine-Westphalia (NRW) and a member of the CDU party, is advocating for a more active role of the Federal Government in the realm of residential construction.
2. The property market in Germany, particularly in North Rhine-Westphalia, is undergoing a significant transformation, and Scharrenbach believes that the federal government could provide a "boost" instead of creating obstacles.
3. Scharrenbach's argument is based on the assumption that the housing sector is currently struggling due to various factors, including the outbreak of the war in Ukraine, supply chain disruptions, inflated construction material prices, and increased interest rates.
4. During a recent state summit, ministers from the federal government, the construction and housing industry, tenants, and municipal associations convened to explore potential solutions for providing more affordable housing options.
5. In the context of this discussion, Scharrenbach voiced her support for a temporary suspension of building costs as a necessary step to alleviate the pressures faced by the housing sector.
6. Beyond North Rhine-Westphalia, rural areas in other regions, such as Berlin and Brandenburg, are also grappling with affordability issues, making it increasingly essential to focus on social affairs related to living in Germany.

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