Approximately 20% fewer apartments in Thuringia are now available for residents to move into. - Approximately twenty percent fewer dwellings in Thuringia prepared for occupation
Thuringia's Housing Crisis: 20% Fewer Apartments in 2024!
Hey there folks! Let's dive into some juicy stats from Thuringia, shall we?
The state of Thuringia saw a stark decrease in the number of ready-to-occupy apartments last year. A whopping 3,310 apartments were completed in 2024, that's 813 fewer than the previous year! That's a whopping 19.7% decrease, according to the folks over at the State Statistical Office in Erfurt.
Most of these apartments were fresh constructions, while renovations and extensions of existing buildings accounted for 683 new apartments (2023: 587 apartments).
The dream of owning a home in Thuringia also took a hit, dropping by a significant 26.2%. Only 1,000 new single-family homes were completed last year, that's 355 fewer than in 2023!
Of the new apartments built this year, around 54.6% were under the supervision of private builders. Companies were responsible for 25%, while public builders such as municipalities, federal and state governments accounted for a paltry 0.8%. I'm scratching my head here, as public builders accounted for a mighty 9% of the apartments completed in 2023!
- Thuringia
- Apartment Statistics 2024
- Erfurt
- Home Ownership Rate
Now, while we don't have the details on the current construction costs for apartments and single-family homes in Thuringia, here are some interesting snippets that might offer some insights:
- Construction activity in Germany, Thuringia's home, appears to be showing signs of recovery, with construction output in early 2025 surpassing the fourth quarter of 2024, thanks to finishing trades like painting or electrical installation[3].
- Thuringia is part of initiatives geared towards encouraging climate-neutral and resource-efficient construction, participating in the creation of a federal research center for these purposes[2].
- Infrastructure development is also underway in the region, as evidenced by the introduction of battery-electric trains by Stadler for DB Regio[5].
For those eager beavers looking to get a grip on the exact construction costs, I advise reaching out to local construction companies or real estate agencies in Thuringia. The costs can vary considerably due to factors like material costs, labor rates, and local regulations, and sometimes even climate-friendly construction incentives can play a role in future construction costs and trends[2]. So, grab your calculators and start crunching those numbers!
- It seems that the ongoing housing crisis in Thuringia, as evidenced by the 19.7% decrease in apartment completion in 2024, may have broader implications for the community's employment policy, particularly in sectors related to construction, finance, and real estate.
- Addressing the housing shortage in Thuringia requires an integrated approach that considers not just employment policies, but also investments in climate-neutral and resource-efficient construction, as well as the housing-market trends and infrastructure development.
