The German Federal Statistical Office last year pointed to a total of 42.8 million residential properties in the territory, or only 515 dwellings per 1,000 inhabitants, indicating an insufficient number of dwellings. The current government, the Social Democratic Party, had promised to build 400,000 houses per year during the 2021 election campaign. Recently, the Federal Statistics Office announced that a total of 293,393 new houses will be completed in Germany in 2021, which is more than 100,000 units short of the annual target. , there are still efforts to address housing shortages.
Last year, the Federal Statistical Office pointed out that as of the end of 2020, the German housing stock rose by 0.7%, but compared with the entire German population, the number of dwellings is still significantly insufficient. This is equivalent to 515 dwellings for every 1,000 German inhabitants. In 2021, the number of new residential buildings was 293,393 units, down 4.2% from 2020 (306,376) and similar to the pre-pandemic level (293,002).
A series of studies into housing by the current government after its election in 2021 has pointed to the current shortage of housing in Germany. Germany made a key commitment to the findings, pledging to build 400,000 homes a year. According to the study, according to immigration trends, in the next decade or more, Germany will need to add at least 400,000 new houses every year to meet the housing needs, but the current rate of housing growth is not easy. Only 2.3 million dwellings have been added across Germany in the past ten years, an average of 230,000 units per year, a significant gap from the target of 400,000 units. According to calculations by the Hans Böckler study, it would take 60 years for new building construction to make up the shortfall.
Huge housing demand and limited supply have helped drive up prices and rents in Germany, especially in its cities. The lack of supply has seen rents rise rapidly in Germany , with rent prices in Berlin rising by 6% in a year , according to Eurostat . Average rents in Berlin have doubled in ten years, according to Numbeo data.
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Destatis：Number of new dwellings down 4.2% in 2021
