Construction Prices Rise Particularly Steeply
6 Articles
6 Articles
In Germany, hundreds of thousands of dwellings are missing, high costs burden the construction industry. Relaxation is not in sight: lastly, the increase in construction prices was significantly higher than the general inflation rate.
German big cities need flats, but they are built clearly too little. One reason: Prices continue to rise. Not only residential buildings are affected.
In Germany, construction costs are higher than average. High construction costs are considered to be the main reason for the stagnating housing construction throughout Germany.
Housing construction costs in Germany rose by 5.5 percent year-on-year in August, the highest increase in three years.
The Federal Statistical Office of Germany has released the data on the construction price index of residential buildings for August. Accordingly, the cost of construction of new residential buildings in the country increased from August to the same month of last year...
Construction prices in Germany rise by 5.5 percent in August. High construction costs and also construction interest rates thus slow down new housing construction.
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