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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