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Housing Market: Germany: Difference between revisions
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==== <big>Building Permits Federal Statistical Office</big> ==== | ==== <big>Building Permits Federal Statistical Office</big> ==== | ||
''The number of building permits allows an early assessment of future construction activity.'' | ''The number of building permits allows an early assessment of future construction activity.'' | ||
[[File: | [[File:Screenshot 2024-08-07 130152.png|alt=|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.]] | ||
[[File:Screenshot 2024-08-07 130009.png|center|thumb|657x657px|https://tradingeconomics.com/germany/building-permits]] | |||
===== <small>May 2024</small> ===== | |||
* May 2024, the construction of 17,800 apartments was approved in Germany. According to the Federal Statistical Office (Destatis), this was 24.2% or 5,700 building permits fewer than in May 2023. Compared to May 2022, the number of building permits even fell by 43.9% or 13,900 apartments. From January to May 2024, 89,000 apartments were approved. That was 21.5% or 24,400 apartments fewer than in the same period last year. <ref>https://www.destatis.de/DE/Presse/Pressemitteilungen/2024/07/PD24_278_3111.html</ref> | |||
* A total of 14,100 apartments were approved for new residential buildings in May 2024. This was 25.9% or 5,000 apartments fewer than in the same month last year. '''From January to May 2024, 71,400 new apartments were approved, 24.0% or 22,600 apartments fewer than in the same period last year.''' | |||
* The number of building permits for single-family homes fell by 31.5% (-7,100) to 15,500. For two-family homes, the number of approved apartments fell by 15.7% (-1,000) to 5,500. The number of approved apartments also fell significantly in the numerically largest building type, multi-family homes, by 21.7% (-13,300) to 47,900 apartments. | |||
===== '''<small>2023</small>''' ===== | ===== '''<small>2023</small>''' ===== | ||