Contents page 1 — The profiteer of the housing shortage page 2 — in addition to cost-hardly a Bank-financed On a page to read
there’s No question that the policy is familiar with the Problem: affordable Housing is one of the Central themes of the Grand coalition, using the appropriate Chapter in the coalition agreement consists of multiple pages. So far, the SPD and the Union have not brake but only the Rent and the baukinder money on the way – although both of these triggers, according to many economists, the Problem, the Latter even Disincentives. Also the construction of new apartments in the cities is moving forward. All of you may be surprised. Or three Numbers to watch that explain a lot:
103000000000 euros in additional tax revenue in the real estate sector since 2009
Since 2009, the beginning of the real estate boom in Germany, the state has taken until the end of 2017, a total of 103 billion Euro. This has identified a real estate economist Günter vornholz of the EBZ Business School in Bochum. The sum is equivalent to around one seventh of the current Federal budget. The recent tax revenues from the year 2018, generously rounded it could come at the end to just under 110 billion euros. The are probably not the total tax revenues of the real estate business and the construction industry realized since 2009 – these are much higher – but it’s just additional revenue to the state compared to the years prior to 2009 took.
Without a real-estate boom throw black Zero
of Course all of the reason, increased tax and land purchase tax, but also wage and trades of the construction industry tax today is significantly more money. Alone from these taxes the Federal Republic of Germany in the past year generated about 21 billion euros in additional taxes in comparison to 2009, has been calculated by the Economist the front of the wood. In fact, you could not black Zero, say: Without a real-estate boom. Also, thanks to the skyrocketing housing market, the Federal government in 2017, was able to announce a Budget increase of 37 billion euros. Since the one billion Euro that the state transfers this year, the provinces to assist in the construction of social housing, not just lush.
For use in its calculations of wood to the front of only those taxes added up, and the the construction industry and the real estate buyers and owners can clearly be added. Basically, you would have to add another Item: the taxes, the estate agents and notaries to pay because you earn also firmly on the rising prices. Similarly, the higher taxes, the landlords pay due to higher rental income, but difficult to isolate. Also, the income of the Federal property management Bima, which has sold according to own statements since 2009, in land value of almost four billion Euro to the development, would have to be included in a comprehensive assessment. You count it all together, “then you can already see the state as the great profiteer of the real estate boom,” says the front of the wood.
whether property, house or apartment sale: The real estate transfer tax transaction for each real estate. In 2017, the state took around 13 billion euros, were 267 per cent more than in 2009. In the meantime, the tax is even, the eight largest individual tax of the Republic. The revenues continue to rise, but not because of the number of real estate transactions per year increases, this stagnation more recently. It is only by the fact that real estate prices climb and with them, the percentage for the state. The reason for the acquisition of lands tax, however, not directly to the Federation, but the länder.
267 percent additional revenue from the land transfer tax since 2009
There loves the real estate transfer tax. Because there is a special scheme whereby the revenue to the countries financial compensation will take into account. The state governments may keep complete. Therefore, many provinces use the transfer tax, in order to improve their fiscal position.
Until 2006, the tax rate in all provinces is set uniformly at 3.5 percent. Since the beginning of the real estate boom, but almost all countries have increased the rates, some doubles even. Thanks to rising sales and rising real estate prices brings the three-times revenue. Only Bavaria and Saxony have not come in the increase. In contrast, North Rhine-Westphalia, Schleswig-Holstein, Brandenburg, Thuringia and the Saarland now demand a 6.5 percent tax that a citizen buys the other a house or an apartment.
