The number of apartments completed in Europe in 2025 will be at its lowest level since 2015. 1.5 million units will be built, 5.5% fewer than in 2024. However, according to the Munich-based ifo Institute, an increase of 3.0% is expected for 2026. In Germany, the negative trend continues: in the worst case scenario, only 175,000 apartments will be built in 2026, 15% fewer than in the previous year. This is shown by forecasts from the EUROCONSTRUCT research group, of which the ifo Institute is a member. "In Germany, high construction costs are currently ...