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Cost of building homes in Germany hits 9-year high

Thu, Oct 12, 2017 - 5:50 AM

Housing construction costs in Germany rose by 3.1 per cent in August compared with the same period a year earlier, their sharpest rise since August 2008.

PHOTO: BLOOMBERG

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...