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German housing construction stagnated in 2023 as the number of apartments built fell slightly from the previous year as the wider property market suffers its worst crisis in a generation. ... -May 23, 2024 at 05:42 am EDT - MarketScreener
Housing construction in Germany again failed to gain momentum last year despite high demand, particularly in urban centres, according to the official figures released on Thursday. The number of flats that been completed fell by 0.3% compared to the previous year, the Federal Statistical Office reported, representing a total of 294,400 homes built. This was a smaller drop than feared, but was still a long way off the centre-left government's target of building 400,000 new homes per year. The numb
Around 294,400 apartments were built last year, 0.3% fewer than in 2022 and far below the government's target of building 400,000 apartments annually, Federal Statistics Office data showed on Thursday.
German government ministers on Wednesday backed a plan to address homelessness by building more affordable housing and overhauling emergency shelters. The strategy calls for giving all homeless people in the country access to housing by 2030, but details remain vague. The plan also calls for new standards for accommodation in emergency shelters that would give people more privacy, and steps to ensure that all homeless people have health insurance. Germany has been struggling with a major housing
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