DeStatis – Germany: Building permits for dwellings issued in February 2023 -20.6% on the same month a year earlier

The ECB’s interest rate hikes are having clear negative effects on the housing market in Germany.

Building permits for new construction issued in January and February 2023: -28.4% for single-family houses, -52.4% for two-family houses, -23.0% for multi-family houses


File:2020-03-31 Baustelle für die neue Quartiersmitte „Auf der Haid“ in Freiburg-Haslach mit Umspannwerk.jpg

Photo: Andreas Schwarzkopf licensed under the Creative Commons Attribution-Share Alike 4.0 International

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