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Affordable housing requires more new buildings

Fewer building permits were issued in Berlin in 2020 than in the previous year. This will further exacerbate the situation for purchase prices.
Dr. Chris Mulder

Dr. Chris is a former Senior Economist and Manager at the IMF and The World Bank. He is a Hypofriend Co-founder.

Published on Mar 19, 2021 Published on Mar 19, 2021 . Updated a year ago

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Dr. Chris is a former Senior Economist and Manager at the IMF and The World Bank. He is a Hypofriend Co-founder.

In 2020, Berlin again issued fewer building permits than in the previous year. According to the Berlin-Brandenburg Statistics Office, 20,459 approved apartments were reported last year. And thus 9.2 percent less than in 2019 (22,524 apartments). According to the office, the negative trend in residential construction has already continued for four years.