
The future of building lies in refurbishment, renovation and modernisation – in short “SanReMo”.
The ratio of investment between the “newbuild” and refurbishment/renovation sector is set to change dramatically in the next 10 years, according to figures published by the Federal Office of Statistics. A decline in investment of approximately 9% is anticipated in the “newbuild” sector by 2020. The picture is very different in the refurbishment/renovation/modernisation sector where investment is set to rise by approximately 7% during the next few years. There is a great deal of work needed on Germany’s existing building stock in the following areas: