Real Estate: Building Permits on the Rise - Strong Increase Since the Beginning of the Year
In Germany, more apartments were approved again in the summer, which is fuelling hopes of an end to the construction crisis. However, there are new hurdles for house builders.
In Germany, the number of building permits for apartments rose to 20,600 in August, a 6.8% increase from the same period last year. From January to August, 169,400 building permits were issued, a 12% increase from the previous year. The permits include 137,500 apartments in new buildings, a 12.7% increase, with notable rises in multi-family homes and two-family homes. The German government is trying to address a shortage of over 1 million homes, and has increased funding for energy-efficient housing.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
