Press and sector news
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(destatis) The prices of residential property (house price index) in Germany were an average 5% higher in the 1st quarter of 2019 than in the 1st quarter of 2018. Based on provisional results, the Federal Statistical Office also reports that the prices rose both in towns and in rural regions.
Real Estate News
(gtai) Germany is Europe’s leading construction market and home to the continent’s largest building stock. A number of drivers have led to a boom in German construction investment and this is largely expected to continue in the foreseeable future.
(destatis) As reported by the Federal Statistical Office (Destatis), turnover in the main construction industry in April 2018 was up 9.8% compared with the corresponding month of the previous year.
(gtai) The German construction industry association HDB has upgraded its 2018 industry growth expectations from 4 to 6 percent and predicts 6 percent growth looking forward into 2019. With prices increasing more than in 2017, this could indicate real-terms growth of 2%, the association stated.
(destatis) As reported by the Federal Statistical Office turnover in building completion work was up 4.1% in the first quarter of 2018 compared to the first quarter of the previous year.
At the end of March 2018 the number of persons employed by building completion work entrepreneurs was up 1.7% compared to the level a year earlier.