Building permits in central Germany down significantly
The BFW warns of a dramatic decline in building permits in Saxony, Saxony-Anhalt and Thuringia of more than 28 percent. The reasons are rising construction costs and economic uncertainties.
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Saxony's housing cooperatives are investing more, but building fewer apartments
Despite higher investments, Saxony's housing cooperatives built fewer apartments last year. The increases in construction costs lead to less construction output and pose a challenge.