Protecting the housing market for tenants and landlords during the corona crisis

Great challenges must be overcome to keep the housing market functional. Tenants and landlords must be protected from loss as much as possible. The goal is to prevent social upheaval and to calm the real estate market.

Real estate owners often have to sell property

When a rented property is inherited, the heirs are often forced to sell the property because the inheritance tax is too high for them or co-heirs cannot be bought out. Sole proprietors are not infrequently forced to put their rented property on the market in order to keep their own business alive with the proceeds. A large proportion of potential buyers are usually families who want to move into the new property themselves. If this buyer demographic disappears because they are short of cash themselves, there is less demand for residential real estate and prices fall.

If loans are no longer serviced, the bank can have them auctioned off, tearing an even bigger hole in the former owners' finances, as these properties are usually offered below their value.

Winners in the real estate market

If prices drop massively, however, financially strong and well-capitalized corporations increasingly enter the scene, recognizing the opportune moment and going on a shopping spree, just as happened in the US in 2008. After the crisis, they sold the real estate off again—who would be surprised—at great profits.

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What should you look out for

As a welfare state, Germany must guarantee that neither owner-occupiers nor tenants lose their property overnight. It must therefore be ensured that sufficient housing benefit is available so that people with low and middle incomes can access it at short notice. In the event of unemployment or the bankruptcy of a self-employed person, unbureaucratic help is appropriate.
Rent payments from the authorities must be paid directly into the landlord's account while simultaneously issuing a housing cost guarantee. This can reassure landlords, which in turn benefits tenants.
Tenant protection against eviction must be expanded.
The state should offer a guarantee for ongoing mortgage payments on residential real estate so that families do not fall into a debt trap.

Of course, further factors must be taken into account and it won't be possible to get out of this unscathed. A very, very large amount of money is needed, which, however, is very well invested for a functioning state.
We want to transform a well-known saying into „Give the people bread and a roof over their heads“ and you'll have peace and quiet.

Your health and that of our employees is important to us!

Secure real estate sales and reliable rentals despite the corona crisis

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Great professionalism and constant availability

Now that the sale of my apartment has been completely finalized, I would like to take this opportunity to thank you again for the excellent cooperation with your agency. The marketing of the property, especially the exposé you created, was of a high standard and presented the property optimally. Your agency was characterized by high efficiency, great professionalism, and constant availability. You advised me excellently throughout the entire sale and truly accompanied me until the final formalities. For these reasons, I can only wholeheartedly recommend your agency.

Dr. J. L.

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The care was, from the first second to the last, very, very friendly, professional, and accommodating. We couldn't have wished for a better collaboration and would like to thank you sincerely! :)

L. B.

We would like to thank Ms. Rogers and Mr. Rogers from the bottom of our hearts for their exceptional support as we searched for our new home. After more than three years of intensive searching and numerous meetings with various real estate agents, we have finally found a team that has impressed us not only with the highest level of professionalism, but also with their warmth and great dedication.

From the very first contact, we were guided through the entire purchasing process with great care, patience, and friendliness. Also worth mentioning is Ms. Kaufmann—a financing expert who was recommended to us by Ms. Rogers. The collaboration between Ms. Rogers, Mr. Rogers, and Ms. Kaufmann played a key role in ensuring that all the formalities went remarkably smoothly and without complications.

Communication was always open, honest, and warm, and the advice was professional and tailored precisely to our needs. Thanks to this support, we were able to make our dream of owning our own home a reality.

We wholeheartedly recommend Rogers Immobilien to anyone looking for real professionals with a human touch. Thank you again sincerely – we will remember you fondly!

M. G.

A fantastic and very honest real estate agency—Mr. and Mrs. Rogers were highly knowledgeable and provided us with the best possible advice and information at every step throughout the several-month process of purchasing an older home. 5 stars—that’s become a rarity in Munich!

P. W.

While searching for an apartment to rent in Munich, we eventually came across a property listed by Mr. and Mrs. Rogers. We have nothing but positive things to say about the entire process, from our initial contact all the way through to the handover of the apartment. Everything went very professionally and smoothly. Mrs. Rogers was always approachable and went out of her way to answer even the smallest questions as quickly as possible and to gather all the requested information. Mr. Rogers organized and conducted the apartment viewing and subsequent handover very carefully and conscientiously. All in all, we were extremely satisfied with our interactions with Mr. and Mrs. Rogers and can highly recommend them!

S.R.

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