Real Estate: 1.35 Million Apartments Missing: What the Construction Turbo Has Brought So Far
A year ago, the construction turbo came into effect, which was intended to reduce bureaucracy when approving construction projects. The Minister of Construction presented the first data from practice.
Germany's Federal Minister for Building, Verena Hubertz, has presented an initial assessment of the "Bau-Turbo" (building turbo), a program launched a year ago to address the country's housing shortage. The program allows municipalities to approve building projects more quickly, with 393 out of 11,000 municipalities participating in a recent monitoring exercise.
In the six months to June, these municipalities approved 7,892 new apartments, with notable numbers in Munich (2,107), Stuttgart (345), and Frankfurt am Main (255). The program aims to simplify building regulations and speed up approvals, with Hubertz citing a project in Berlin's Westend as an example of its success.
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.
