欧美文化:Germany's residential building completions set for "dramatic slump": ZIA
BERLIN, Feb. 20 (Xinhua) -- The housing crisis in Germany shows no sign of easing as residential building completions were set for a "dramatic slump," the country's property federation (ZIA) warned on Tuesday.
With the rise in interest rates in the second quarter of 2022, all residential construction projects "almost suddenly became uneconomical," leading to a "virtual halt in residential construction," said Harald Simons, one of the authors of the report released by ZIA.
As a result, Germany's housing shortage could climb to 600,000 units this year and in the next three years, the gap between demand and supply could reach 830,000, according to the report.
Although demand has "slowed considerably," the crisis is even "deeper than the figures on building completions and building permits show so far," said Simons.
"The experts' analysis is not just a wake-up call, but in some respects a real warning siren," said ZIA president Andreas Mattner.
The German government is well aware of the lack of housing. A total of 45 billion euros (48 billion U.S. dollars) are to be invested in publicly subsidized housing construction by 2027, 18 billion euros of which will be exclusively for social housing.
相关文章
- 欧美文化:Egyptian president calls for two-state solution to settle Palestinian issue
- 欧美文化:Umbrella group "Islamic Resistance in Iraq" responsible for deadly attack on U.S. for
- 欧美文化:Russia's Central Election Commission registers Putin as candidate in upcoming presidential
- 欧美文化:Stubb, Haavisto enter Finland's presidential election finals
- 欧美文化:Presidential election votings start in Finland
- 欧美文化:Underwater electricity cable assessed of "great value" for Cyprus
- 欧美文化:Sudan denounces EU sanctions against economic institutions as "unjust"
- 欧美文化:Florida Governor DeSantis suspends presidential race, endorses Trump
- 欧美文化:Global GDP could fall by 4.5 pct in extreme "de-risking" scenario: IMF
- 欧美文化:AI spotlighted at leading textile trade fair in Germany