Real Estate: Fewer building permits in August

The decline in building permits continues.

Real Estate: Fewer building permits in August

The decline in building permits continues. In August, the authorities approved the construction or conversion of 28,180 apartments, as the Federal Statistical Office announced on Tuesday. That was 9.4 percent less than a year earlier. According to the information, the number from January to August totaled 244,605 ​​- a drop of 3.0 percent compared to the same period last year.

A total of 211,636 apartments were approved for new residential buildings from January to August. That was 3.0 percent or 6622 fewer apartments than in the same period last year. The number of permits for single-family homes fell significantly by 15.8 percent. However, a year earlier the child benefit had increased the number of building permits here. According to the Wiesbaden statisticians, the funding contributed to the fact that in the period from January to March 2021 alone, almost 7,400 more single-family homes were approved than in the first three months of the current year.

In the case of two-family houses, the number of approved apartments fell by 2.8 percent to 21,176 units in the first eight months. In the case of multi-family houses, on the other hand, there was an increase of 5.2 percent to 130,746 apartments.

The number of building permits is an important indicator of the housing shortage in many cities. However, approved apartments are often not built at first because craftsmen and construction companies do not have the capacity. Increased prices for building materials and building land are also slowing down.

Building permits August

Yorum yapabilmek için üye girişi yapmanız gerekmektedir.

Üye değilseniz hemen üye olun veya giriş yapın.

NEXT NEWS