Building permits collapsed in 2023 - lowest level since 2012. In 2023, a total of 214,100 apartments were approved in newly built residential buildings.
That was around 30 percent fewer than in the previous year. High prices for building materials and increased interest rates are slowing housing construction. The federal government's original target of 400,000 new apartments per year is a long way off. Building permits are an important indicator with a view to the housing shortage, especially in cities. The figures include both building permits for apartments in new buildings and renovations.