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Development area in Hanover: Federal government clearly misses construction target
Photo: Julian Stratenschulte / dpa
The federal government is a long way from the goal it has set itself: 400,000 new apartments should be built per year, last year it is estimated that only around 250,000 were built, and this year it is unlikely to be any more.
Federal Building Minister Klara Geywitz (SPD) is now hoping for the years from 2024. "I do not assume that the number of 400,000 apartments will be achievable in 2022 and 2023," she said "Web.de News".
The minister referred to the worsening framework conditions for housing construction as a result of the Russian war of aggression against Ukraine, which had led to rising interest rates and supply bottlenecks.
There is also a structural problem, as the construction industry has been working at full capacity and there is a lack of skilled workers.
Geywitz added that final completion statistics for 2022 will not be available until May.
However, she does not expect that the targeted target has been reached.
According to their assessment, this will not be possible in the current year either.
For the future, however, the minister wants to stick to it – at least as an approximation.
The goal must be "to get to this number in 2024 and 2025 through prefabrication and digitization," she said.
In view of the increasingly tight housing market, especially in the big cities, the federal government wants to boost new housing construction in Germany.
However, the industry itself and experts have strong doubts that this goal can be achieved in the foreseeable future.
The Federal Association of German housing and real estate companies (GdW) recently published an assessment according to which only the construction of 200,000 apartments per year is realistic, at least in the medium term.
The Main Association of the German Construction Industry (HDB) also expects only around 250,000 new apartments this year.
And the official statisticians recorded a 5.7 percent decline in the corresponding building permits for the period from January to November 2022.
fdi/AFP
