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This would affect 243,000 rental apartments out of 1.5 million total apartments in Berlin. The largest such real-estate company is Deutsche Wohnen, for which the initiative is named, followed by Vonovia. [1] In total, the referendum would impact 12 large real-estate companies. [2]
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The 14 member federations of the GdW have approximately 3,200 housing enterprises as members. They represent together approximately 6.4 million dwellings, corresponding to approximately 17% of the entire and 30% of rental housing stock in Germany. The 14 member federations of the GdW are:
These extended to 653 domestic and foreign cities and municipalities. Based on a total fair market value of more than 52 billion euros, the vast majority of the portfolio was located in Germany (84%), with the remainder in Sweden (11%), and Austria (5%). Also, 78,691 apartments were managed by Vonovia on behalf of third parties. [69]
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The apartments all had central heating and bathrooms with terrazzo flooring and enamel baths, and were considered well appointed for social housing of the time. [30] The apartments were built for the Dessauer Spar- und Baugenossenschaft, a housing cooperative. It ordered the work at the beginning of 1930 and all five buildings were already ...
In Sweden, 16% of the population lives in apartments in housing cooperatives, while 25% live in rented apartments (more common among young adults and immigrants) and 50% live in private one-family houses (more common among families with children), the remainder living in other forms such as student dormitories or elderly homes. [28]
Reduced Corporate Tax Rate: Local governments in Germany can benefit from a reduced corporate tax rate of 15% for income obtained from rental housing development projects. This tax incentive is applicable to all income generated from the project, including rent, interest, and capital gains.
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