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According to Savills total investment volume for the second quarter of the year will be around €33bn, will represent a 57% drop compared to the same period last year.
Compared with June of last year, sales were 18.9% lower. That is the slowest sales pace for June since 2009.
The Pan-European Organization Housing Europe warns of the spread of the problem to all social strata, with the risk of social explosions visible.
Germany managed to build only 295,300 homes in 2022, well below Chancellor Olaf Solz's target of 400,000 a year.