Gewog does not exhaust the price level in forchheim

The gewog housing cooperative in forchheim held its members’ meeting on. With a few abstentions, the members approved the 2017 balance sheet, which closes at 22.4 million euros.

This includes the value of the land and apartments at 19.5 million euros. Gewog invested almost half a million in renovation and maintenance in 2017. The contributions of the cooperative members (160 euros per person) represent a total value of just under 600,000 euros.

The gewog, which has almost 1,000 members, has 646 apartments, 146 of which are still price-controlled. Here, the rent is just over four euros per square meter. The other apartments cost between six and seven euros per square meter. With these prices, gewog has not exhausted the price level in forchheim. The majority of the apartment has three rooms and a flat between 60 and 70 square meters.

An ever-increasing demand for cooperative housing was noted by new full-time board member loreen klaub. In addition, a generational change is noticeable. More young people move in. You value modernized, contemporary living space. For this reason, gewog’s economic focus is on renovating its buildings, the oldest of which date back to 1949.

Kerstin freund, chairwoman of the supervisory board, sees the interest in cooperative apartments as far more than just the favorable rent. The services that are not offered when renting privately, such as janitorial services or stair cleaning, are always appreciated. Nevertheless, according to your knowledge, the monthly additional costs are between 150 and 200 euros, depending on the number of residents. Around 1300 people live in the gewog apartments.

New construction in kasrothe

"We are under pressure to build new buildings, especially because of the influx of new residents", says freund. In 2020, gewog expects to build on its own land in kasrothe, mainly barrier-free apartments for the elderly in a similar design to those in the surrounding area. First, however, there is the rough renovation of the residential block in bugstrabe to be done. According to freund, it will take four to five years before new apartments are built in the north of the city as well.

Investments also depend on economic development. On the one hand, the modernized apartments have boosted rental income and reduced the need to set aside reserves for renovation work. On the other hand, the equity ratio of 36 percent of total assets is rather below the industry average. Rising interest rates on loans could delay or make gewog’s plans impossible in the medium term.

New supervisory board member

The general meeting elected jurgen mittermaier, who works for the municipal utility company, as a new member of the supervisory board. Re-elected lawyer traudi harrer. Hans-dieter hubner and gunther hammer remain in office.