German home building permits decline in February, halting recovery
Published by Global Banking & Finance Review®
Posted on April 17, 2025
1 min readLast updated: January 24, 2026
Published by Global Banking & Finance Review®
Posted on April 17, 2025
1 min readLast updated: January 24, 2026
German building permits dropped 2.3% in February, ending a brief recovery period. The property sector remains fragile after years of decline.
FRANKFURT (Reuters) - Building permits for apartments in Germany fell 2.3% in February from a year earlier, statistics office data showed on Thursday, underscoring the fragility of the nation's troubled property industry.
The drop is a setback following two consecutive months of increases that provided some hope of a recovery after three years of declines during a severe slump in the nation's building sector.
(Reporting by Tom Sims, Editing by Miranda Murray)
The article discusses the decline in German building permits in February, highlighting ongoing challenges in the property sector.
The decline is significant as it halts a brief recovery in the German property market after years of downturn.
The data was reported by the German statistics office and covered by Reuters.
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