The number of Gründerzeit-Zinshaus-buildings – as defined by OTTO Immobilien – has further sunken: while in autumn of 2009 there were 15,529 in total, only 13,675 exist by the target date of 16.08.2022, which corresponds to a reduction in stock of 11.9 % since 2009. The main reason for this development is the establishment of home ownership, and another
reason, which leads to the reduction in stock, is the change of use, like the conversion into hotels. On the other hand, the demolition of Gründerzeit-Zinshaus-buildings is very rare, which speaks in favour of their high structural quality and excellent adaptability.
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