“Construction is virtually impossible today’: the construction industry is sounding the alarm again. According to experts, there is a shortage of 600,000 apartments in Germany this year.
By 2027 there should be 830,000. Ifo Institute: Number of new apartments built annually could decline by 35 percent by 2026 compared to last year. New housing developers would only break even with an average rent of 21 euros, said Andreas Mattner, President of the Central Real Estate Committee.