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Vonovia promises to be an Older affordable Rent
The due to increasing rental costs in the future real estate group Vonovia assures tenants over 70 years, that your housing remains affordable. Chairman of the Board Rolf Buch has at the annual General meeting in Bochum in addition, the allegation that the company earn a lot of money to the costs. In front of the building, demonstrators protest against rising rental costs and demand that expropriation Vonovias. the Janis Beenen, Bochum Janis Beenen

Janis staff of the economic editorial staff is Beenen. Rhein, grew up in the down economy, studied political journalism in Dortmund. Likes to travel the world. Only carnival he will be home.

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Germany's largest real estate group Vonovia reacts with a residential warranty for older tenants to the growing criticism of the industry. "We give tenants 70 the guarantee that you will not have to leave their homes", said CEO Rolf Buch before the annual General meeting in Bochum, Germany. Vonovia to secure them, "that their apartment remains in change of the local comparative rent payable".

tenant organisations had complained that many pensioners could afford the rising Rent for their homes. The anger on his company can calm book with his announcement, a lot of. Tenants demonstrate in front of the door of the annual General meeting. "Vonovia expropriate!", you call over the place. One of the protesters is as a Slumlord, with a matching cardboard head and dollar signs around the neck to be dressed up. "A beautiful day for Vonovia, a shitty day for the tenants," shouts he.

Knut Unger has co-organized the protests as a representative of the tenants Association of Witten. Of book announcement, he thinks: "these are all sayings of advertising," he says. If book my it with the older people seriously, need to complement Vonovia the rental guarantee in the treaties legally binding. The criticism of the protesters, however, goes much further. It comes to utilities and rent increases after modernisation. Speaking of false statements, and modernization costs, the tenant existentially threatening.

Vonovia had responded in the past to such criticism. After protests, the Dax group was entered in the past year at the apartment of modernization on the brake. Through renovations, there should be no Mietaufschläge of more than two euros per square meter. The average of rent increases after modernisation for Vonovia in the last year, of 1.50 euros per square meter of said book. On the other hand the General average of modernisation have, for example, located in Berlin-related premiums between 2012 and 2017, at 2.44 euros.

"the cost share of the operating costs have not risen"

the book pointed to the height and the determination of the operating costs for the Vonovia apartments. "Our share of the cost of the operation is not increased," he said. It's not voice, "that Vonovia to earn the in addition to cost a lot of money". Tenants criticize is always to high or non-verifiable claims. Vonovia have refunded in the past year, approximately 6000 invoices due to errors or other reasons money, said book. "We want to be better, but you have to put it in relation to our approximately 400,000 homes."

Rising Rents and acquisitions abroad had been Vonovia in the first quarter, significantly more profit, last year he was for the first time in more than a billion euros. In addition, Vonovia benefited from lower costs in the management of the apartments. Group chief book had assured the numbers template, the company will participate in the search for a solution for the tense Situation on the housing market. Demands for expropriation of housing companies had rejected Vonovia but.

With Material from dpa

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