In Hamburg alone, privately financed housing construction has collapsed by more than 85 percent. The reason is crystal clear to experts.
High energy and material prices and also increased wages are the decisive factor. From 2025 onwards, there will no longer be any supply to the already stressed housing market, warned Sönke Struck, chairman of the state association of real estate and housing companies. The drama is currently not reaching those looking for an apartment, said Struck. “We need a deregulation of the requirements,” she said.