Tag #German Housing Market

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welt.de

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May 16, 19:13

German Housing Permits Rise After Years of Decline

Germany's new housing permits rose 3.4% year-on-year in Q1 2024 to 55,400 units, marking the first increase after a prolonged decline and signaling a potential housing market turnaround, though challenges remain due to high construction costs and a large backlog of unbuilt units.

German Housing Permits Rise After Years of Decline

Germany's new housing permits rose 3.4% year-on-year in Q1 2024 to 55,400 units, marking the first increase after a prolonged decline and signaling a potential housing market turnaround, though challenges remain due to high construction costs and a large backlog of unbuilt units.

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What factors contributed to the increase in housing permits, and what challenges remain in meeting Germany's housing needs?

The increase in housing permits follows years of decreasing numbers, reaching a low point in 2023 with 215,900 permits—the lowest since 2010. However, a significant backlog of 800,000 approved but unrealized housing units remains, with concerns about financing viability under current conditions. The recent increase is largely due to a 15.3% rise in single-family home permits.

welt.de

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Feb 11, 13:11

German Housing Crisis Deepens: New Construction Plummets

Germany's housing construction is facing a deep crisis, with only 230,000 new units expected this year, far below the government's target of 400,000, due to high interest rates and construction costs; this shortage exacerbates the existing housing crisis, pushing rents and prices higher.

German Housing Crisis Deepens: New Construction Plummets

Germany's housing construction is facing a deep crisis, with only 230,000 new units expected this year, far below the government's target of 400,000, due to high interest rates and construction costs; this shortage exacerbates the existing housing crisis, pushing rents and prices higher.

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How do rising interest rates and construction costs specifically affect both the supply and demand for rental housing in Germany?

The shortage of housing is worsening in many cities, leading to higher rents and prices. Higher interest rates make renting more attractive than buying, increasing demand for rental apartments. Simultaneously, high interest rates and construction costs reduce the supply of new rental units.

welt.de

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Dec 18, 10:11

German Rents Rise Amid Falling Property Prices, Housing Shortage Persists

German rents rose by four percent in 2024, while purchase prices dropped five percent on average, but remain significantly higher than in 2010; low vacancy rates indicate a persistent housing shortage.

German Rents Rise Amid Falling Property Prices, Housing Shortage Persists

German rents rose by four percent in 2024, while purchase prices dropped five percent on average, but remain significantly higher than in 2010; low vacancy rates indicate a persistent housing shortage.

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How do the changes in interest rates and housing supply affect both rental and purchase prices in Germany?

The rise in rents is linked to historically low vacancy rates (2.5 percent on average, even lower in major cities), reflecting high housing demand and limited supply. The drop in purchase prices, particularly significant in major cities (-13 percent), is attributed to increased interest rates, although prices remain substantially higher than in 2010.

welt.de

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Mar 19, 07:13

Saxony Pushes for "Building Type E" Construction Amidst Housing Crisis

Saxony's Minister of Construction, Regina Kraushaar, is urging for clear legal regulations for "Building Type E," a new building standard allowing simpler construction methods, to address Germany's housing shortage and high construction costs, while a corresponding federal law is pending.

Saxony Pushes for "Building Type E" Construction Amidst Housing Crisis

Saxony's Minister of Construction, Regina Kraushaar, is urging for clear legal regulations for "Building Type E," a new building standard allowing simpler construction methods, to address Germany's housing shortage and high construction costs, while a corresponding federal law is pending.

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How does the "Building Type E" initiative connect to broader German efforts to reform construction regulations and stimulate housing development?

Saxony's push for "Building Type E" reflects broader efforts to address high construction costs and bureaucracy in Germany. The federal government's proposed law aims to allow builders and architects to agree on essential requirements, enabling cheaper and faster construction. This approach intends to increase housing supply, addressing the current shortage.

faz.net

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Jan 4, 10:09

Vonovia Resumes Apartment Construction After Costly Renovation Project

Vonovia, a German housing company, is restarting apartment construction in 2025 after pausing due to high costs, while completing a complex, delayed €19 million renovation of 105 apartments in Frankfurt's Carl-von-Weinberg-Siedlung, resulting in rent increases of €2.60–€3 per square meter.

Vonovia Resumes Apartment Construction After Costly Renovation Project

Vonovia, a German housing company, is restarting apartment construction in 2025 after pausing due to high costs, while completing a complex, delayed €19 million renovation of 105 apartments in Frankfurt's Carl-von-Weinberg-Siedlung, resulting in rent increases of €2.60–€3 per square meter.

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What are the key factors driving Vonovia's decision to resume new construction projects after a period of focusing on renovations?

Vonovia, a German housing company, is resuming new construction projects after a temporary halt due to high costs. They plan 24 apartments in 2025 and more in 2026, aiming for monthly rents of €20 per square meter, achievable through modular construction costing €3500 per square meter.

zeit.de

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Dec 18, 10:11

German Rents Rise Amidst Housing Shortage

German rents increased by 4 percent in 2024, while house prices initially fell by 5 percent before rebounding; low vacancy rates and unmet housing construction targets highlight a persistent housing shortage.

German Rents Rise Amidst Housing Shortage

German rents increased by 4 percent in 2024, while house prices initially fell by 5 percent before rebounding; low vacancy rates and unmet housing construction targets highlight a persistent housing shortage.

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Reduced Inequality

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How do the historically low vacancy rates contribute to the current housing market dynamics in Germany?

The increase in rents is attributed to historically low vacancy rates (2.5 percent nationally, 1 percent in Berlin), indicating a housing shortage. Decreased house prices in 2024, particularly in major cities (-13 percent), were likely due to increased interest rates, but prices are now rising again due to lower interest rates and high demand.

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