Tuesday, 17 March 2015

Increase of residential building permits by 5.4% in 2014

As reported by the Federal Statistical Office (Destatis), the construction of a total of 284,900 dwellings was permitted in Germany in 2014. Compared with the corresponding period of 2013, this is an increase of 5.4% or 14,500.
Link to the Destatis Website

The positive trend since 2010 was sustained but much weaker than 2013 with an increase of 12.9%. For multi-tenanted buildings the increase of 8.8% was the lowest since 2010.

These numbers are still not keeping up with growing demand and  dropping out of "not fit" housing accomodations. The pressure on rent increases will remain despite the measures take by the government to cap further rent increases in metropolitan areas.

Germany will remain an attractive destination for international Residential Property Investment.

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