For the first time since 2017, a growth in approved building projects in Germany was recorded for the first half of 2018, according to recent data by the Federal Statistical Office (Destatits). Between January and July 2018, (re-)construction of approximately 203,300 flats has been approved, which marks a rise by almost 3,900 objects compared to the previous year. Despite the expected decline of 0.7 percent, this turned into a rise by 1.9 percent.
Important to note is the fact that this raise directly relates to the higher of granted construction permissions for apartment buildings. Around 103.600 flats in these buildings have been approved – which is an increase by 7.6 percent compared to 2017.
Parallel to this development, the number of approved single family houses dropped by 0.2 percent to approximately 53,400, as well as the one for double family houses by 2.8 percent to 12,850. Especially strong was the decline in permissions for residential accommodations: By 25.2 percent down to 7,240. A reason for that may be the minor demand for refugee camps.
Overall, there is a positive trend compared to the previous year. While the number of approved construction projects raised between the years of 2008 and 2016, it decreased by roughly eight percent in 2017. According to the Main Association of the German Construction Industry (HDB), between 330,000 and 340,000 flats are expected to complete construction this year. However, the federal government states that at least 350,000 flats per year are required until 2020, due to high demand.
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