Germans can’t afford their gold-plated homes

Quick Summary:

Facing a third year of economic stagnation and a growing shortage of affordable homes, Germany’s next government must confront some unpalatable truths: Construction has become too expensive and complex, and excessive regulation is partly to blame.

In some ways, the outgoing government didn’t make life easier for the construction industry: Since 2024, new residences are required to have heating systems powered at least 65% by renewable energy, for example.

For example, in July housing and justice ministries proposed allowing building planners and customers to deviate from comfort standards and achieve cost reductions worth as much as 10%.

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Article Details

Author / Journalist: Chris Bryant

Category: EconomyBusiness

Markets: MalaysiaGermany

Topics: HousingShortage AffordableHomes RegulationReform Commentary ConstructionCrisis GermanyHousing /Business/Insight RealEstatePolicy BuildingCosts RentalMarket

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-05 @ 00:00:00 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 1117 words

Reading Time: 7 minutes read

Sentences: 40 lines

Sentence Length: 28 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Star

News ID: 25896951

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About The Star

Main Topics: EconomyBusiness

Official Website: thestar.com.my

Update Frequency: 40 posts per day

Year Established: 1971

Headquarters: Malaysia

News Last Updated: 19 minutes ago

Coverage Areas: Malaysia

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Publication Timezone: GMT +8:00

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News Language: English

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Publisher ID: #22

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