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Housing Market: Germany: Difference between revisions
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=== <big>Supply</big> === | === <big>Supply</big> === | ||
The housing shortage in Germany is blatant. '''From the federal government's perspective, around 400,000 new apartments are needed to combat this situation'''. Because in the current situation, affordable housing remains expensive. The housing shortage is particularly precarious in many large German cities, but a housing shortage has also been evident in small towns for a long time.<ref>https://www.merkur.de/wirtschaft/baukrise-branche-wohnungsnot-in-deutschland-wohnungsmarkt-wohnraummangel-vorstoss-kritik-92524673.html</ref> | |||
==== Building Permits ==== | A study commissioned by the alliance by the Pestel Institute and the building research institute ARGE comes to the conclusion that there is a risk of a '''record housing shortage in 2023. There was a shortage of over 700,000 apartments. This is the largest housing deficit in more than 20 years.''' | ||
An alliance of tenants' association and construction union as well as social and industry associations has called on the federal and state governments to raise 50 billion euros for the social housing market by 2025.This is the only way to achieve the federal government 's goal of creating 400,000 social housing units in this election period , explained the alliance in Berlin.<ref>https://www.zdf.de/nachrichten/wirtschaft/wohnungsmarkt-mieterbund-100.html</ref> | |||
==== Building Permits Federal Statistical Office ==== | |||
''The number of building permits allows an early assessment of future construction activity.'' | |||
[[File:Genehmigte-wohnungen-monat.png|center|thumb|775x775px|https://www.destatis.de/DE/Presse/Pressemitteilungen/2024/02/PD24_074_3111.html#:~:text=11%20000%20Bauantr%C3%A4ge.-,Starke%20R%C3%BCckg%C3%A4nge%20bei%20Ein%2D%20und%20Zweifamilienh%C3%A4usern,300%20Wohnungen)%20besonders%20stark%20zur%C3%BCck.]] | |||
'''<small>2023</small>''' | |||
* The number of approved apartments fell by 94,100 compared to the previous year to 260,100 apartments, the lowest level since 2012<ref>https://www.destatis.de/DE/Presse/Pressemitteilungen/2024/02/PD24_074_3111.html#:~:text=11%20000%20Bauantr%C3%A4ge.-,Starke%20R%C3%BCckg%C3%A4nge%20bei%20Ein%2D%20und%20Zweifamilienh%C3%A4usern,300%20Wohnungen)%20besonders%20stark%20zur%C3%BCck.</ref> | |||
* '''In 2023, 214,100 apartments were approved in newly built residential buildings. That was 29.7% or 90,200 new apartments fewer than in the previous year.''' | |||
* 42.2% fewer residential construction projects by private individuals and 20.3% fewer by companies than in the previous year - particularly strong declines in single- and two-family homes | |||
* Significant declines also occurred in non-residential buildings: a total of 15.7% less converted space than in the previous year, a decline of 20.9% in office and administrative buildings | |||
* Looking at building types, the number of building permits for single-family houses (-39.1% or -30,500 to 47,600) and two-family houses (-48.3% or -13,400 to 14,300 apartments) fell particularly sharply in 2023. These two types of buildings are generally constructed by private individuals | |||
* Around two thirds of new apartments in Germany are being built in apartment buildings, which are predominantly built by companies. Here the number of building permits fell by 25.1% or 47,800 to 142,600 apartments. | |||
==== Construction completions ==== | |||
==== Forecats ==== | ==== Forecats ==== | ||