Immobilienmarkt: Studie: 1,35 Millionen fehlende Wohnungen bremsen Wachstum
Im vergangenen Jahr wurden laut „Bau-Monitor“ fast 85.000 Wohnungen weniger gebaut als 2023. Mit Folgen für die gesamte Wirtschaft.
A recent study by the Pestel-Institut revealed that the construction slump between 2023 and 2025 has severely hampered Germany's overall economic growth. According to the Bau-Monitor 2026, around 84,600 fewer apartments were built in 2025 compared to 2023, resulting in a net loss of approximately 26.9 billion Euros in construction revenue over two years.
This shortfall caused the Gross Domestic Product to be 0.6 percentage points lower and tax revenues to be about 7 billion Euros less. Matthias Günther, head of the Pestel-Institut, emphasized that economic growth relies on increased construction activity. The institute calculated that if 300,000 more apartments had been built in 2025 like in previous years, the country would have avoided significant economic losses.
The housing shortage has also become a hurdle for employment, as affordable housing is scarce, making it difficult to fill job openings, especially in strong economic regions. In cities like Berlin, Hamburg, Nordrhein-Westfalen, Bayern, and Baden-Württemberg, the lack of housing is estimated to be 58,000, 23,000, 364,000, 220,000, and 201,000 respectively.
Without addressing the housing deficit and welcoming more immigrants, Germany will struggle to maintain economic growth, as immigrants are crucial to offsetting the effects of an aging population.
Written by urgent.news from Handelsblatt's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
