Improvements to the framework conditions for new construction, special depreciation for affordable rental apartments in tight housing markets and more incentives for home ownership - these are the demands of the German Building Materials Association, the Federation of the German Construction Industry, the Central Association of the German Construction Industry (ZDB) and the German Confederation of Skilled Crafts in their position paper "Maintaining the economic engine of construction, advancing climate protection".
"It is [...] absolutely urgent to massively increase subsidies for new construction and to introduce degressive depreciation options for investors [...] simply to finance the additional costs of rising legal standards and to generate more momentum in residential construction," says Tim-Oliver Müller, Managing Director of the Federation of the German Construction Industry, for example.
The ZDB fears that the war in Ukraine will lead to an economic crisis in Europe and Germany and a significant drop in orders in the construction industry. The association cites figures from the ifo Institute. According to these figures, 17% of residential construction companies were affected by cancellations in September 2022. Incoming orders in residential construction fell by 24% in real terms from August 2021 to August 2022. Interested parties can download the full position paper free of charge at zdb.de.
Source: zdb.de
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