Overview

• Germany’s federal real estate agency Bima holds 38,431 apartments, with 1,129 classified as not market-active and therefore unavailable.
• Of the 37,302 marketable units, 3,725 are currently vacant, equating to roughly 10 percent.
• The vacancy rate in the federal portfolio is reported to sit well above the nationwide average of about 4.3 percent.
• The government response also notes that Bima sold 12,000 properties over the past decade, including 8,715 apartments, while adding just over 1,100 new units.
• Caren Lay criticized the figures and urged the federal government to expand in-house capacity for building, maintenance, and renovation of its housing stock.