Real estate crisis hits Vonovia - billions in losses for Germany's largest housing group. Rents rose by an average of 3.8 percent across the group at the end of December.
Management wants to propose a dividend of 90 cents per share to the general meeting. Construction of 21,000 apartments was approved across the sector in July 2023. This corresponds to a drop of 31.5 percent or 9,600 compared to the previous year. In the first seven months of the year, just 156,200 new apartments received approval.