housing
Prices for houses and flats in Germany continued their downward trend in the first quarter of 2024, with residential properties selling on average 5.7% cheaper year-on-year. Compared with the last quarter of 2023, the loss in residential property values was 1.1 percentage points from January to March, the federal statistics office in Wiesbaden reported on Friday. This was the sixth consecutive quarter that prices decreased in both cities and rural regions, according to preliminary figures. The largest year-on-year declines of 9.5% were observed for detached and semi-detached houses in Berlin, ...
DPA International
Housing construction in Germany again failed to gain momentum last year despite high demand, particularly in urban centres, according to the official figures released on Thursday. The number of flats that been completed fell by 0.3% compared to the previous year, the Federal Statistical Office reported, representing a total of 294,400 homes built. This was a smaller drop than feared, but was still a long way off the centre-left government's target of building 400,000 new homes per year. The number of houses completed per year has hardly changed since 2021. Housing Minister Klara Geywitz descri...
DPA International
Housing construction in Germany again failed to gain momentum last year despite high demand, particularly in urban centres, according to the official figures released on Thursday. The number of flats that been completed fell by 0.3% compared to the previous year, the Federal Statistical Office reported, representing a total of 294,400 homes built. This was a smaller drop than feared, but was still a long way off the centre-left government's target of building 400,000 new homes per year. The number of houses completed per year has hardly changed since 2021. Housing Minister Klara Geywitz descri...
DPA International
To combat the housing shortage in Spain, the left-wing central government has decided to end the Golden Visa programme for property investors from non-EU countries. The aim is to curb speculation, Prime Minister Pedro Sánchez explained in Seville on Monday. "We will take the necessary measures to ensure that housing is a right and not a speculative business." The Socialist politician said that the Council of Ministers would finalize the necessary amendment to the law on Tuesday in Madrid, but he did not give a possible date for the entry into force. The Golden Visa programme has allowed citize...
DPA International
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