Cost of building homes in Germany hits 9-year high
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Berlin
THE cost of building homes in Germany hit a nine-year high in August, data showed on Tuesday, with industry associations blaming capacity bottlenecks and new regulations.
Housing construction costs in Europe's largest economy rose by 3.1 per cent in August compared with the same period a year earlier, data from the Federal Statistics Office showed. That was their sharpest rise since August 2008.
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