Reinhold Knodel’s commentary in the Immobilien Zeitung

August 2019

PANDION’s CEO Reinhold Knodel expresses his opinions on real estate speculation in a commentary in the Immobilien Zeitung from 21 August. A complete industry has now established itself in the property sector with the sole purpose of speculating with real estate, condemns Knodel. Planning permission is only applied for in a number of cases so that land and property can be sold ready for development – often with no genuine interest in building at all. This practice is forcing prices up, says Knodel, contravenes entrepreneurial responsibility and makes work harder for developers who actually want to build: “Anyone who dares to actually build on an overpriced site has to calculate very generously and cannot afford to make a mistake.” The industry thus only has itself to blame about the discussion concerning the introduction of a building order.