Fewer and fewer owner-occupied homes are being built in Germany. According to a study by Deutsche Bank, the last owner-occupied home could even be built in 2050. The main reasons for this are rising construction costs and greater environmental awareness. The trend is towards "greener building". This also means that multi-family houses are being built rather than semi-detached and detached houses. They have - comparatively - lower CO2 emissions and better energy efficiency.
Although the rate of new construction is declining, owner-occupied homes are likely to continue to be built, particularly in rural regions. The authors of the study expect the number of building permits in Germany to decrease in the coming years. However, in the long term, 20,000 to 40,000 owner-occupied homes could be approved each year.
However, according to Deutsche Bank, owner-occupied homes are still a sought-after form of housing. Their scarcity could drive prices up further. According to the experts, renting out owner-occupied homes could also become even more lucrative in many cities and metropolitan regions. There were 16.3 million owner-occupied homes in Germany in 2022, and the number has barely increased in recent years. There are even efforts by some cities and municipalities to prevent further soil sealing, as this accelerates global warming.
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