Disclaimer: The information provided on the Timber Exchange Market Data Hub is sourced from a variety of publicly available data sources and confidential sources that have not been independently verified. Timber Exchange is not responsible for any expenses, damages, losses, or costs incurred as a result of using or relying on the information provided on this site. By using the Timber Exchange Market Data Hub, you agree to use the information at your own risk and acknowledge that any decisions made based on the information provided are done so solely at your own risk.
Germany delays proposed building rules in massive $47 billion construction support

Germany delays proposed building rules in massive $47 billion construction support

Posted on October 3, 2023   |  

The German government delayed proposed building regulations as part of a €45 billion relief package for the construction industry.

€18 billion of the allocated funds will support affordable housing until 2027, with additional contributions from federal states and municipalities.

Postponing stricter building insulation standards is an effort to alleviate financial pressure on the construction sector, in response to industry requests.

Germany also opposes new EU legislation that could impose substantial costs for building upgrades, citing concerns about the financial burden on both the government and homeowners.

The recent surge in interest rates brought an end to the German property boom, resulting in insolvencies and declining prices.

To bolster the industry, the government encourages the conversion of vacant offices and shops into residential units and offers increased subsidies for climate-friendly heating systems.



Previous Next