Germany's housing construction slumps
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housing shortageDPA International
•World
World
Number of new homes in Germany drops by 14% in 2024
76% Informative
251,900 new homes were completed in Germany last year - 42,500 fewer than in the previous year .
Rise in interest rates and construction costs caused many developers to abandon their plans.
Experts estimate that Germany is short of hundreds of thousands of homes, with rents rising sharply over the past years .
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