The parliamentary groups of the Union and SPD agreed on Tuesday to the project, which now no longer provides for a direct ban on converting into condominiums, but makes this much more difficult. It is now planned that the federal states will be able to designate areas with a “tight housing market”, in which approval for conversion may only be granted in exceptional cases until 2025.
For example, if at least two thirds of the apartments in a building are sold to tenants. From the point of view of the SPD, this comes close to a de facto ban, because it assumes that hardly any owner is likely to succeed in convincing so many tenants to buy in larger apartment buildings. However, buildings in which there are no more than three to 15 apartments are to be excluded from the regulation - depending on the taste of the federal states, which can make the corresponding specifications themselves. This is to protect small owners who convert their house in order to cover their retirement provisions. SPD parliamentary group vice Sören Bartol told the “Spiegel” that it was a “very good negotiating success”. Parts of the Union have tried to the last to weaken or even prevent the law - against their own minister. "We are thus preventing the business model of investors who are aiming for the division and resale of apartments," said Bernhard Daldrup, housing policy spokesman for the SPD parliamentary group, "Spiegel". The legislative project is the largest housing policy project from the Interior Ministry led by Horst Seehofer (CSU), which is also responsible for housing policy.