Boom in Thuringia Housing Construction - A 37.4% Surge!
Construction surge in Thuringia - Increased building of homes in Thuringia - Shift in housing landscape – escalating construction in Thuringia
Listen up, apartment hunters! Thuringia's housing market is on fire, with a whopping 37.4% increase in housing approvals from January to April 2025, according to the Statistical Office in Erfurt.
The graph goes up, up, up! The largest surge was in multi-family homes, where a remarkable 52.4% more residential units were given the green light, with the lion's share going to dormitories. Single-family home applications surged by a whopping 33.7%, resulting in 230 building permits being issued in the first four months of the year.
Two-family homes, however, saw a decrease in demand, with 20 approved projects, a staggering 54.5% decrease compared to the same period of the previous year.
And here's the kicker: home construction costs are skyrocketing! The average cost per square meter of living space in new housing construction now stands at a hefty 2,281 euros, representing a 52% increase over the previous year.
- Multi-family Homes
- Dormitories
- Single-Family Homes
- Thuringia
- Erfurt
- Housing Construction Costs
The surge in Thuringia's housing market, represented by a 37.4% increase in housing approvals, has sparked interest in various housing sectors, such as dormitories and single-family homes. Investors might find this an opportune time for real-estate investments given the increasing housing construction costs, which have risen by 52% compared to the previous year. However, it's crucial to be aware of the community policy and employment policy regarding housing construction and development in Thuringia.
