Emanuel Boeminghaus described Berlin pejoratively and stated that the construction industry in the city is under strong pressure. The plans of the Left for socialization unsettle investors and banks and could jeopardize new housing construction projects, he explained. Citing construction industry president Olaf Demuth, Boeminghaus reported that Berlin construction companies are increasingly having difficulties obtaining new loans. According to Demuth, the plans deter international investors. The socialization of around 200,000 apartments would, according to Demuth, cost between 20 and 30 billion euros; additionally, no new apartments would be created as a result. Whether the plans would be implemented remained uncertain. Boeminghaus pointed to growing uncertainty among construction companies regarding financing, investments, and future contracts. He cited BILD from October 11, 2026, as the source. https://t.co/5CoU9qTlj9 #Berlin #Bauindustrie #Immobilien (translated)




