26.04.2016
TAG Immobilien AG DE0008303504
TAG Immobilien AG Tenant Survey 2016: Half of tenants feel hard pressed by housing costs
DGAP-Media / 26.04.2016 / 09:00
TAG Tenant Survey 2016: Half of tenants feel hard pressed by housing costs
Hamburg (26 April 2016.) - The bigger the city, the more Germany's tenants
struggle with their housing costs. While in big cities more than half of
tenants feel under strong financial pressure due to the cost of rent, the
proportion is significantly lower for smaller towns (40 percent). Also, a
quarter of tenants in big cities regard their own housing costs as high
compared to those of similar properties. Families and the elderly in
particular complain that the costs are too high. These are the findings of
a population-representative survey by TAG Immobilien AG in conjunction with
the Technical University of Darmstadt. It surveyed 2,000 tenants in
Germany.
One third of the survey participants also felt their utilities to be more
expensive than average. This is one place where landlords can take action
to reduce the burden on their tenants. Landlords are not committed enough
to lowering what people also call second rent, say the majority of
respondents. "The survey clearly shows that tenants not only want landlords
to do more to reduce utility costs, but also to find sustainable
solutions," reports property expert Professor Dirk Schiereck of TU
Darmstadt. Regular negotiations with energy suppliers and waste disposal
companies are one way of achieving lasting relief for tenants, he said.
"Landlords have many opportunities to reduce the 'second rent'," says
Claudia Hoyer, the TAG Executive Board member responsible for real estate
management. "Here, our experience shows that optimising utility costs
contributes to greater tenant satisfaction and loyalty. Whether energy,
water or waste disposal costs - in our experience there are many options
for reducing costs in all these areas."
For example, in waste disposal, TAG has sought competent partners who
support the company and its tenants with waste management. They set up
waste locks or provide comprehensive consultation and monitoring. In Gera,
Kassel, Salzgitter, Erfurt, and Moers, TAG Immobilien works successfully
with Musterknaben eG, which even operates a small consulting and learning
office in Gera on the topic of waste. Hoyer: "At this location we have seen
clearly measurable success: 420 residual waste evacuations were saved in
2015, which now pays off for the tenants in lower operating costs."
TAG is also working to reduce energy costs. For instance, especially when
planning renovations, insulation for façades, roofs, and basements are
included, as well as windows with thermal glazing, and overhauls of the
heating systems.
Contact for Tenant Survey: Thöring & Stuhr Communications Consultancy Claudia Thöring Mittelweg 19 - D-20148 Hamburg Phone: +49 40 207 6969 82 Mobile: +49 170 2150 146 [email protected]About TAG Immobilien AG TAG Immobilien AG an MDAX-listed company with a more than 125-year history. Its primary locations are in the Greater Hamburg and Berlin areas, the Salzgitter region, as well as Thuringia / Saxony and North Rhine-Westphalia. TAG currently manages nearly 80,000 dwellings and the associated commercial areas, garages and parking spaces. The company's goal is to improve the quality of housing for its tenants. In line with this, TAG adapts its holdings to modern living needs to, gets involved in the communities of its residential quarters, and promotes a good neighbourhood spirit. The Group continually reduces vacancy and increasing the value of its total portfolio through prudent management of its properties and a future-oriented/forward-looking development of its overall portfolio. Press enquiries: TAG Immobilien AG Head of Investor & Public Relations Dominique Mann Phone +49 (0) 40 380 32 300 Fax +49 (0) 40 380 32 390 [email protected] End of Media Release --------------------------------------------------------------------------- Issuer: TAG Immobilien AG Key word(s): Real estate 26.04.2016 Dissemination of a Press Release, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: TAG Immobilien AG Steckelhörn 5 20457 Hamburg Germany Phone: 040 380 32 0 Fax: 040 380 32 388 E-mail: [email protected] Internet: http://www.tag-ag.com ISIN: DE0008303504, XS0954227210, DE000A12T101 WKN: 830350, A1TNFU, A12T10 Indices: MDAX Listed: Regulated Market in Frankfurt (Prime Standard), Munich; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Stuttgart; Terminbörse EUREX End of News DGAP Media --------------------------------------------------------------------------- 457467 26.04.2016
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