|Share Convalor||50 %|
|Residential space in sqm||34.560|
As in other cities the comparatively little completion of new housing space over the last years led to higher prices for objects especially those suitable for young families. This relates particularly to row houses, which in Cologne and its suburbs have become quite pricy.
The “Waldbadviertel”, jointly realized by Convalor and Stefan Frey AG, will be an offer affordable for almost any family to acquire a row house.
By way of leasehold (heritable building right) the monthly payments for the buying price are in most cases lower than the rent for a comparable apartment. Through a close and efficient collaboration of the builder and his construction companies costs will be minimized from the start. Furthermore several groups of houses are pooled to joint ownerships to reduce overheads. Above several ways of government aid are available and can be factored in the funding.
This project once again proves Convalor’s philosophy that home ownership must not be limited to people of high income.