SUBSCRIBERS
German building boom set to continue as home demand soars
Published Sun, Jan 15, 2017 · 09:50 PM
Berlin
NEW residential building permits issued in Germany increased by more than 20 per cent on the year in 2016, Housing Minister Barbara Hendricks said on Sunday, suggesting that a building boom will continue to support economic growth this year.
Demand for real estate is soaring in Europe's biggest economy due to a growing population, increased job security and record-low borrowing costs.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
Homebuyers shun new real estate in Vancouver, hurting builders
US pending home sales jump in March to hit highest in the year
Blackstone strikes US$1.6 billion student housing deal with KKR
European real estate deals slump to lowest level in 13 years
Singapore Q1 industrial rents rise further as occupancy dips and prices fall: JTC
Condo resale volumes rebound in March; prices inch up 0.4%: SRX, 99.co