Overview
- In 2024, only 215,900 housing units were approved in Germany, marking a 16.8% decline from the previous year and the lowest figure since 2010.
- The government's target of 400,000 new annual housing units was missed for the third consecutive year, with only an estimated 265,000 units expected to be completed in 2024.
- High construction costs, rising interest rates, and complex regulations were cited as major challenges by private builders and the construction industry.
- Publicly funded housing accounted for approximately 40% of approved units, but calls for increased subsidies and streamlined regulations persist.
- Experts warn that the ongoing housing shortage threatens social stability, urging the next government to prioritize housing construction reforms.