The number of new buildings in Europe has fallen to the lowest level in recent years, they show the Europeanstruct network, whose member and the German Institute for Economic Research IFO from Munich.
The number of new buildings in Europe has fallen to the lowest level in recent years, they show the Europeanstruct network, whose member and the German Institute for Economic Research IFO from Munich.
As stated, the number of completed housing units in Europe in 2025 will be reduced from 1.55 million last year to 1.46 million, while in 2026 it is expected modest growth to 1.51 million units.
The main problem is the increase in interest, reduced purchasing power and the jump of construction costs, but also amendments to the tax and subsidy politics in several European countries. This year, the strong growth of housing will record only individual countries such as the Czech Republic, 27 percent, Sweden 21 percent, while the decline will continue in countries as France – for 14 percent and the UK 10 percent.
In Germany, only 205,000 apartments are expected to be completed during this year, which is a decline of 19 percent. The negative trend could continue in 2026, when only 185,000 new housing units are projected, banker is transferred.
The Institute for Economic Research Institute Ludwig Dorfmeister evaluates that the market recovery is not expected before 2027. years.
If we look at the expected number of finished apartments per capita, at the back in Europe, italy with only 1.6 apartments per 1,000 inhabitants, and Germany and the United Kingdom with slightly more than two residential units per 1,000 citizens. More than five apartments per 1,000 inhabitants will be built only in Ireland, Poland and Switzerland.
