Overview

• Rolf Buch forecasts prolonged scarcity in cities such as Munich due to continued urban migration and too little new supply.
• Germany’s parliament is scheduled to vote today on the Bau‑Turbo, which he says could cut approval times to months if municipalities cooperate.
• Vonovia backs serial construction and the rollout of the simplified Building Type E to lower technical requirements and enable roughly 30% cost savings.
• Buch cites extreme demand pressure, noting around 800 applicants per listing in Munich or Berlin as an indicator of dysfunctional market conditions.
• Industry data highlight weak pipeline fundamentals, with project starts down sharply since late 2022 and forecasts showing completions well below annual needs.