housing
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 Breaking News
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 Breaking News
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 Breaking News
Houses and flats in Germany last year posted their largest price slump since at least the start of the millennium shedding an average of 8.4% in value compared with 2022. "This was the sharpest year-on-year decline since the time series began in 2000 and the first decline since 2007," the Federal Statistical Office in Wiesbaden said on Friday. Prior to this, residential property prices had climbed steadily between 2008 and 2022. Banks expect the latest decline to end this year as interest rates fall again. In urban districts, the fall in prices for detached and semi-detached houses was as high...
DPA Breaking News
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