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Companies build significantly less housing in northern Germany

June 19, 2020


Abstract : ​Member companies of the Association of North German Housing Companies (VNW) are building significantly fewer new apartments in the northern German state of Schleswig-Holstein this year.

Member companies of the Association of North German Housing Companies (VNW) are building significantly fewer new apartments in the northern German state of Schleswig-Holstein this year. In 2020, 870 apartments are to be completed and handed over to customers, VNW director Andreas Breitner told dpa. In 2019 there were still 1,160 units, while in 2018 there were 1,243.

"New construction is slowly but surely running out of steam in Schleswig-Holstein," said Breitner. And the northern state needs more housing, he added. But: "Given that the construction and maintenance of housing is facing an unprecedented increase in construction, land and renovation costs, it is becoming more difficult to build affordable housing on a significant scale.“

Breitner is therefore calling for a "Housing Master Plan." Construction costs need to be reduced, land should be sold at lower prices and building permit procedures have to be accelerated. "The state has been appealing to local authorities for months to gear their planning towards new builds. In too many cities and towns, it this call has gone unheard." He welcomed the fact that the state government will provide funding of 200 million euros for social housing construction in 2020.

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Keyword: housing German companies

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