116 billion Euro are spent in Germany for repairs, maintenance, modernisation and renovation. With new build activity stagnating this is a definite prospect for the industry - and if the forecasts are to be believed, the proportion of buildings being renovated will increase in the coming years from barely 60 % up to 70 %.
For greater living comfort and security.
A major motive for investing in modernisation is to maintain or increase the value of a property. The reduction of running costs particularly will gain importance in coming years in view of increasing energy prices.
But altered usage requirements also play a part. The inheritors of properties usually have a different view of the quality of life to their parents and above all in the "50 plus" generation to requirements for security and comfortable living have changed. The supply of solutions in modern window and hardware technology is equally as big: thus accessible openings for French windows and motorised window drives ensure quality living and independence even in old age.
The need for security is growing in parallel with this. Those occupants of existing properties which are frequently characterised by a comparatively low standard of security would like to upgrade their protection from uninvited guests. Here a versatile range of high grade burglar resistant hardware covers the need for easy upgrading.