Wiesbaden The approval of new apartments in Germany continues to falter. In September, the authorities gave the go-ahead for 27,449 new units, the Federal Statistical Office reported on Friday. That was 9.1 percent less than in the same month last year. This intensified the negative trend from the previous months: After nine months, the number of permits at 272,054 is now 3.7 percent behind the same period of the previous year. More than 10,000 fewer apartments were approved.
The number of newly approved single-family homes fell particularly sharply in the first three quarters. A decrease of 11,173 houses or 15.4 percent meant 61,509 permits. One reason is the expiry of the Baukindergeld, which was still valid in part of the comparison period in 2021.
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.
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