Are these mini-flats empty? If not they are soaking up demand. (If they are they are losing money to investors.)
Sure, there are definitely buyers/owners of housing units who end up leaving said units empty, but it's the extreme exception to the brutal trend of putting everything on the market because prices are so high: https://www.statista.com/statistics/1270344/vacancy-rate-dev... (I tried to find the dataset on destatis.de, but no luck, and the ones I found were not year-by-year. Which makes me question here Statista got their data.)
Germany. Famous wild west of construction! :D People can build whatever wherever! I think you drastically underestimate the process problems plaguing construction.
Laws that mandate bigger projects with taller (and more) buildings at the same time (so more efficient construction) would be very useful. Cities ought to shepherd these redevelopments, but they are captured and paralyzed by various 'special interests'. (Usual tragedy of the anticommons.)
Sure, there are definitely buyers/owners of housing units who end up leaving said units empty, but it's the extreme exception to the brutal trend of putting everything on the market because prices are so high: https://www.statista.com/statistics/1270344/vacancy-rate-dev... (I tried to find the dataset on destatis.de, but no luck, and the ones I found were not year-by-year. Which makes me question here Statista got their data.)
Let me spam this link here too https://www.noahpinion.blog/p/market-rate-housing-will-make-... , Noah does a literature review and goes through very solid studies (strong methodology, realistic effect size) ... supply and demand works.
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Germany. Famous wild west of construction! :D People can build whatever wherever! I think you drastically underestimate the process problems plaguing construction.
Laws that mandate bigger projects with taller (and more) buildings at the same time (so more efficient construction) would be very useful. Cities ought to shepherd these redevelopments, but they are captured and paralyzed by various 'special interests'. (Usual tragedy of the anticommons.)