German building permits increase in January at the fastest rate in 3 years

*In 2024, the authorities gave the green light for 215,900 apartments, the lowest number since 2010. Higher interest rates and expensive building materials have deterred many potential builders in recent years.*

*According to real estate experts, only 230,000 new units are likely to be built in 2025, which is far less than the 400,000 mark originally targeted by the outgoing German government.*

Germany needs roughly 900.000 apartments.