Change of course by the Chancellor – 400,000 new apartments are not enough. Pestel Institute found in a study that there is a shortage of over 910,000 social housing units in Germany.
Federal Construction Minister Klara Geywitz expects around 265,000 completed apartments to be completed in 2024. According to estimates by the Munich Ifo Institute, around 225,000New apartments will be built in 2024, that would be a decrease of 45,000 apartments. The Social Housing Alliance called for a special budget of 50 billion euros to implement the federal government's plans.