IG-BAU Warns of Declining New Housing Construction in Germany
IG-BAU Warns of Declining New Housing Construction in Germany
IG-BAU leader Feiger predicts that the number of newly constructed apartments will fall below 200,000, insufficient to meet demand.
Feiger emphasized that this figure represents less than half of the necessary construction to address housing needs, particularly for affordable and social housing. Federal Minister of Construction Hubertz attributed the decline to challenging conditions, including high interest rates and geopolitical conflicts. She, alongside Justice Minister Hubig, is working to streamline building regulations to facilitate construction. The issue will be discussed at the Housing Construction Day in Berlin, organized by leading industry associations.
For journalistic integrity, this report was summarized from: deutschlandfunk.de
