Despite the housing crunch, the German construction sector stuck to doolrums

The German construction industry continues to deal with unemployment and difficult situations such as the construction problems for about three years, according to the new survey from the Fastute published Thursday.

In the monthly economic system of IFO, 57% of the domestics are made houses weeping for orders, than ever.

The decrease in the construction sector began in the early 2022 and was completed about last year. The sector business has not improved significantly since then, despite the small and bottom rises.

It is amazing that the need for new apartments remains high in Germany, where many cities face the shortage of housing and the most rising tax.

The poorest state of construction industry can be called high cost of construction and other economic materials that have been conducted by a building erected in spite of the need.

“It is very challenging to live optimism,” said Tem-Oliver Müller, holding the Director of Federation of the German construction, voting group. “We cannot miss homes everywhere in Germany, with housing shortages in big cities.”

For example, more than 75,000 people moved to Berlin in 2022, but 15,000 new apartments were built that year.

“Differences between the strongest demand of poor housing and lower supply explosives in the community,” said Müller.

Chancellor Olaf Scholz has been – a government with three spots for the opposing of the construction of at least 400,000 new apartments each year but they fall properly.

Just less than 300,000 new rooms completed in 2023, according to government statistics.

In the context of the effectiveness of the In Institute and the National Building of EuroconStruct network network from August 2024, that figure may force less than 200,000 apartments annually in 2026.

Scholz said on Thursday expected German lawmakers to respond to the laws of buildings soon to make a convenient construction.

“Credit all right,” said Skolz while visiting a factory that made the installation of the building and painting south of the virus. “And I’m sure they will be passed in great harm after the coming elections, because it is unclean.”

In the monthly grave of Fest Institute, most of the construction companies have shown hope for the months to come.

The lower interest rates from the central bank of Europe, which was expected to go up, they were not going to reduce the situation, according to Klaus Wohlabe, the head of Munich-Based research Institute.

“The problem in the construction of a dwelling becomes normal,” Wohlabe said.