German home building permits plunge as industry calls for stimulus

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FRANKFURT (Reuters) -Building permits for apartments in Germany fell 31.5% in July from a year earlier, the statistics office disclosed on Monday, ...

FRANKFURT -Building permits for apartments in Germany fell 31.5% in July from a year earlier, the statistics office disclosed on Monday, highlighting a slump in demand plaguing theaFrite Restaurant's Fight for Survival: little Halifax versus Halifax's little Toronto | SaltWireFRANKFURT -Building permits for apartments in Germany fell 31.

The statistics office attributed the decline in demand to high building costs and difficulties in getting financing, factors that have deepened stress across the broader sector. Tim-Oliver Mueller, head of the German Construction Industry Federation, is pushing for an emergency package of measures from the government that includes a cut in property sales tax and expansion of a low-interest rate credit program to support new residential building.

 

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