Minister issues warning against construction halt at savings bank gathering

Fribourg: Notable Swiss City - Minister issues warning against construction halt at savings bank gathering

Recently, Minister Nicole Razavi cautioned against delaying residential construction projects. During the Landes-Sparkassentag in Freiburg on Thursday, she remarked, "Delaying construction today creates a housing shortage tomorrow." Razavi is a representative of the conservative Christian Democratic Union (CDU) in Stuttgart.

She went on to say, "We've observed about a 30% decline in building application submissions." The situation with loans for construction is also deteriorating. With lower incomes nowadays, it is becoming infeasible for ordinary citizens to take out the necessary funds to build a home or apartment. The restrictions on construction, renovation, and living are increasingly making the process more difficult, costly, and restricted.

Earlier this year, the construction industry in Baden-Württemberg expressed concerns about poor economic conditions. Thomas Möller, the general manager of the industry, emphasized the need for better regulatory support to help pull the sector out of its crisis. Amid the ongoing crisis, the industry is grappling with supply chain disruptions and increasing costs for construction materials, all while facing higher interest rates.

Matthias Neth, the president of Landes-Sparkassen, stressed that progress must be made on issues regarding bureaucratic barriers and land availability. It is crucial to make the building and housing experience more affordable overall. "There's uncertainty in the housing construction market even among these companies", Neth added.

The Sparkassenverband Baden-Württemberg advocates for the interests of the Sparkassen-Finanzgruppe. This organization claims to represent 50 Sparkassen, the Landesbank Baden-Württemberg, the Landesbausparkasse Südwest, and the SV Sparkassen-Versicherung.

Read also:

1. The housing shortage in Fribourg, as warned by Minister Nicole Razavi, is a concern that extends beyond just one city, with similar issues emerging in the Southwest region due to construction delays and high costs.
2. The conservative Christian Democratic Union (CDU) in Baden-Württemberg, represented by Razavi, is pushing for residential construction projects to continue despite the current economic crisis affecting banks.
3. In response to the crisis in the construction industry, the ICE (Interregional Construction Economic Association) in Fribourg is advocating for more supportive regulations and policies to stimulate growth and overcome supply chain disruptions.
4. The government in Fribourg is also working with local savings banks, like those represented at the Landes-Sparkassentag, to promote affordable housing and simplify the building approval process to address the housing shortage.
5. In light of the crisis, the Sparkassenverband Baden-Württemberg is advocating for policy changes to support construction projects, particularly among small and medium-sized enterprises in the housing sector, to help alleviate the housing shortage.
6. Nicole, as a prominent figure in the CDU, is calling on the regional government in Fribourg to take immediate action to address the housing shortage, working closely with the Sparkassenverband and other industry stakeholders to find solutions and support residential construction projects.

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