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Germany builds 14% fewer apartments in 2024, falling short of government goals
Published by Global Banking & Finance Review®
Posted on May 23, 2025
1 min readLast updated: January 23, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on May 23, 2025
1 min readLast updated: January 23, 2026
Germany's apartment construction fell 14% in 2024, with 251,900 units built, missing the 400,000 target due to high interest rates.
FRANKFURT (Reuters) -The number of apartments built in Germany dropped sharply in 2024, federal statistics office data showed on Friday, a further sign of stress in the nation's troubled real estate industry.
The number of apartments completed was 251,900, down 14.4% from 2023 and far below government aims of building 400,000 apartments a year.
Germany's property sector hit hard times in 2022, as higher interest rates made borrowing costly. That resulted in falling prices, and it tipped some property firms into insolvency.
(Reporting by Tom Sims, Editing by Friederike Heine and Ludwig Burger)
In 2024, a total of 251,900 apartments were completed in Germany.
The number of apartments built in Germany dropped by 14.4% compared to 2023.
Germany's property sector has been hit hard by higher interest rates, which made borrowing costly and led to falling prices and insolvencies among some property firms.
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