🇩🇪 German #Housing Crisis Deepens on Record Building Cancellations – Bloomberg
*21.4% of residential builders said they were affected by construction projects being called offhttps://t.co/Iz8SejeV8B pic.twitter.com/nad0NhlXjB— Christophe Barraud🛢🐳 (@C_Barraud) October 16, 2023
Bloomberg: Germany’s housing sector slumps deeper into crisis as project cancellations hit a record
Germany’s housing sector slumped deeper into crisis as project cancellations hit a record, prompting construction companies to become more pessimistic about the future than ever before.
In September, 21.4% of residential builders said they were affected by construction projects being called off, according to a survey by the Munich-based Ifo Institute. That was the highest level since records began in 1991 and worse than August’s 20.7%.