Fribourg: News Update - Minister Razavi Attends Savings Banks Event
On Thursday, representatives from the savings bank sector and state politics will gather in Freiburg to discuss the matter of housing. The Landes-Sparkassentag is expected to have Building Minister Nicole Razavi (CDU) in attendance.
The construction industry in Baden-Württemberg reported sluggish business at the end of last month. Thomas Möller, the Managing Director, stressed the need for better conditions for the housing industry to recover from the crisis.
In early April, Chancellor Olaf Scholz emphasized the pressing need for action in the German housing market during a speech in Berlin. The SPD politician urged the creation of more affordable housing. However, he also demanded "large-scale new construction" without the burden of thousands of regulations that increase costs.
The Sparkassenverband Baden-Württemberg advocates for the interests of the Sparkassen-Finanzgruppe, which comprises 50 savings banks, the Landesbank Baden-Württemberg, the Landesbausparkasse Südwest, and the SV Sparkassen-Versicherung, as per their own declaration.
Live Stream: Sparkassentag Announcement Sparkassentag
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- Despite the national policy focusing on promoting large-scale new construction in the housing market, the construction industry in Baden-Württemberg continues to struggle due to high regulatory costs.
- The CDU's Building Minister Nicole Razavi is expected to discuss the housing issue with representatives from the savings bank sector at the Landes-Sparkassentag in Southwest Germany's Freiburg.
- The Sparkassenverband Baden-Württemberg, representing the interests of savings banks in the region, supports the creation of more affordable housing as urged by Chancellor Scholz, while also advocating for reduced regulatory burdens on the construction industry.
- In response to the sluggish business in the construction sector, Nicole Razavi (CDU) might seek collaboration with savings banks in Baden-Württemberg, among which the Landesbank Baden-Württemberg and Landesbausparkasse Südwest are prominent members, to alleviate the financial impact of the crisis on the housing industry.
