Study reveals why housing crisis in Germany World of miscellaneous -

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A recent study found that German cities do not build enough housing, and that some cities can not meet half of the required number of new homes. The authors compared the number of new homes completed in the last three years with real demand based on population growth and the number of vacant properties.

According to the study conducted by the German Institute of Economics (IF) and published on Monday (July 22, 2019), the cities of Cologne and Stuttgart were unable to provide half of the required housing since 2016 and other cities, such as Munich, Berlin and Frankfurt, slightly better results, but not Is still behind all needs, with Munich completing 67 percent, Berlin 73 percent and Frankfurt only 78 percent of the homes needed.

The authors of the study attributed the reasons for the housing problem to the increasing number of people moving to cities, lack of staff in building bodies, strict regulations and lack of skilled labor in the construction sector. The study called on cities to make more efforts to prevent rental prices from continuing to rise and invest in improving transport in rural areas, making living there more attractive. According to the study, 342,000 new homes are needed in Germany in 2019 and 2020 to overcome the housing crisis. Only 287,000 houses were completed in 2018. A similar number of houses are expected to be completed this year.

RIYADH (AFP)

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