KOF reports improvement, but construction sector continues to weaken

09.05.2022: The KOF Economic Barometer rose by 2.5 points in April after briefly dropping below the 100-point mark. At 101.7 points, the outlook is...

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Demand for owner-occupied homes remains high, but beware!

09.05.2022: It is not only in Germany that it is becoming increasingly apparent that owning a home is becoming a luxury good...

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Non-residential building permits almost unchanged

09.05.2022: The permits for non-residential construction were only slightly corrected compared to the last Market Briefing...

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Residential building stable in 2022

09.05.2022: This month, housing forecasts in 2022 were revised slightly downwards...

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What happens to the interest?

09.05.2022: Interest rates are an important driver for the construction industry in particular. After years of zero interest rate policy...

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Retroactive changes in building permits from Statistics Austria

09.05.2022:

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Non-residential construction developed better than expected

09.05.2022: Austrian companies are also affected by the end of Russian gas...

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Good mood meets entrepreneurial uncertainty

09.05.2022: The mood in the Austrian construction industry is still at an enormously high level, which is confirmed by the WIFO surveys...

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Renewed improvement in sentiment

09.05.2022: The assessment of the overall economic situation among Austrian companies has improved for the fourth month...

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Business climate: sentiment in the construction industry declines

03.05.2022: In the April survey of the ifo Institute, the business climate stabilised at 91,8 points...

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Non-residential construction also deteriorating

03.05.2022: Furthermore, it is not only residential construction that has come under pressure due to this tense situation. In non-residential construction...

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Corporate insolvencies on the rise

03.05.2022: In March 2022, according to Destatis, the number of filed regular insolvencies, a leading indicator for final corporate insolvencies...

Martin Langen by Martin Langen
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Housing forecasts adjusted

03.05.2022: Taking into account the current situation (funding freeze, interest rate hikes, embargoes, price increases, shortages and economic gloom), B+L...

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Federal government only wants to promote sustainable building and renovations

03.05.2022: No sooner will there be funding from the “Kreditanstalt für Wiederaufbau” again, as it has already been exhausted...

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Reversal of the trend in non-residential construction in the medium term

11.04.2022: For 2022, B+L forecasts the peak of permitted square metres in non-residential construction at just under...

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Considerable market uncertainties due to Ukraine crisis

11.04.2022: The already tense situation on the raw materials market has become even more acute...

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Mood in the construction industry remains good

11.04.2022: While the assessment of the overall economy increased slightly despite the Ukraine crisis, the construction industry...

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A new wave of refugees?

11.04.2022: Since the beginning of Russia's attack, about...

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What value do investors attach to sustainability criteria?

What value do investors attach to sustainability criteria?

11.04.2022: A survey of 237 Swiss real estate investors shows which sustainability factors have an influence on the market value of real estate. Overall, it can be seen that...

Martin Langen by Martin Langen
CH
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Non-residential constructions almost unaffected by Ukraine war

11.04.2022: Non-residential construction in Switzerland is revised slightly downwards in 2022 and 2023...

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Swiss residential construction remains unchanged

Swiss residential construction remains unchanged

11.04.2022: With price-adjusted growth at 2,3%, the construction industry was able to achieve a positive annual result...

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Swiss economy remains stable

Swiss economy remains stable

11.04.2022: According to the current KOF economic forecast, the Swiss economy will also be negatively affected by the war in Ukraine...

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Property prices continue to rise - warnings of bubble formation grow louder

Property prices continue to rise - warnings of bubble formation grow louder

07.04.2022: The dynamic price development for houses and flats continued in the 4th quarter of 2021. Prices were...

Martin Langen by Martin Langen
DE
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Rising commodity prices dampen economic development

07.04.2022: In the spring forecast of the ifo Institute, a clear tension in the German economy became apparent, especially with regard to the Russian-Ukrainian war. According to the baseline scenario...

Martin Langen by Martin Langen
DE
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Non-residential construction largely unchanged positive

07.04.2022: The positive development in German non-residential construction can also be maintained in March. Despite re-emerging...

Martin Langen by Martin Langen
DE
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December 2021 improves annual result in residential construction

December 2021 improves annual result in residential construction

07.04.2022: This month, the forecasts were extended to include the year 2024. In residential construction for 2021, there was also an...

Martin Langen by Martin Langen
DE
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Sufficient building land for all?

Sufficient building land for all?

07.04.2022: If the traffic light coalition (SPD, Greens, FDP) wants to build 400.000 new flats per year, sufficient building land must be available. For a long time it was questionable whether...

Martin Langen by Martin Langen
DE
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Price increases also affect the construction industry

07.04.2022: In an evaluation, the German Construction Industry Association comments on the effects of the Ukraine war on the German construction industry. In order to capture a current mood among construction companies, 451 people were surveyed. Of these...

Martin Langen by Martin Langen
DE
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Building with a holiday feeling

07.03.2022: In the future, the construction of holiday homes could be worthwhile, especially because holiday homes used for tourism...

Jens Wehenkel by Jens Wehenkel
CH
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Focus on renovation: Revision of the CO2 Act

07.03.2022: At the end of 2021, the Federal Council started the legislative process for the revised CO2 Act for the years 2025-2030...

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Positive outlook for the construction industry

07.03.2022: After a slight decline in the CH construction index in the first quarter of 2022 - a decline in turnover of...

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Economic situation stable

07.03.2022: The level of the KOF Business Cycle Barometer fell slightly to 105 points in February 2022...

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CH
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Residential building permits on the upswing in Q4 2021

07.03.2022: The positive trend reversal in permits that began in the third quarter continued in Q4...

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CH
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Effects of the Ukraine crisis

07.03.2022: It is not yet possible to foresee what impact the war will have on Central Europe and Switzerland...

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Economic expectations on the rise

07.03.2022: In February, the mood among Austrian companies improved. The WIFO business climate index increased...

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Relaxation in building material costs?

07.03.2022: Driven by strong construction demand, the cost of building materials was at a high level in 2021...

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Non-residential construction stable

07.03.2022: The positive situation in non-residential construction described in MMB 02/2022 can be confirmed for 2021...

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Excess demand largely reduced

07.03.2022: Construction output in Austria in 2022 will again be above the pre-crisis level of 2019...

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Construction industry in the triple-digit billion range for the first time

07.03.2022: The approximately 9.400 establishments of companies with 20 or more employees were able to increase output to a new high of...

Martin Langen by Martin Langen
DE
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Also effects on non-residential construction

07.03.2022: The current wave of refugees and the resulting increase in population is also having an impact on non-residential construction. The last waves of immigration have shown...

Martin Langen by Martin Langen
DE
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Peak in housing demand shifts

07.03.2022: As mentioned in the introduction, the new wave of refugees is expected to increase the...

Martin Langen by Martin Langen
DE
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Effects of the Ukraine crisis

07.03.2022: It is not yet possible to predict what impact the war will have on the German construction supply market. It seems...

Martin Langen by Martin Langen
DE
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High employment stabilises housing - Google Trends soften

High employment stabilises housing - Google Trends soften

09.02.2022: According to the IMF, the Swiss unemployment rate averaged 3,1% in 2021. It thus remained at a very low level...

Martin Langen by Martin Langen
CH
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Capital buffers in Switzerland are reactivated

Capital buffers in Switzerland are reactivated

09.02.2022: For several months now, the Swiss National Bank (SNB) has repeatedly expressed caution about a possible increase in the countercyclical capital buffer...

Martin Langen by Martin Langen
CH
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Economy stable with slight increases

09.02.2022: The outlook for the Swiss economy remains above average and is at a significantly higher level than in January last year...

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CH
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Residential construction boom loses momentum

Residential construction boom loses momentum

09.02.2022: New housing construction in Austria has largely been able to adapt to the strongly increased demand for housing (immigration) in recent years. The...

Robin Huth by Robin Huth
AT
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Non-residential construction loses momentum in the medium term

Non-residential construction loses momentum in the medium term

09.02.2022: In non-residential construction, the loss year 2020 could be quickly offset in the course of 2021...

Robin Huth by Robin Huth
AT
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Economic situation stabilises, construction industry optimistic

09.02.2022: Austria's companies assess the current situation more positively than in the previous month...

Robin Huth by Robin Huth
AT
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German economy is optimistic

08.02.2022: After six months of continuous declines, the ifo Business Climate Index rose in January 2022 for the first time since June 2021. After...

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DE
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High-quality offices remain in demand

High-quality offices remain in demand

08.02.2022: According to the major German brokerage houses, office lettings could increase by +20% for the full year in 2021. However, it...

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And in the meantime... funding stop!

07.02.2022: In the face of the discussion on how to build 400.000 flats in the future, a measure was taken by the Ministry of Economic Affairs...

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Nothing concrete on the housing target

07.02.2022: An important issue for the coalition of SPD, Bündnis 90/Die Grünen an FDP (“Ampel”) was housing. The "persistent" housing shortage, coupled with rising, or at least too high, rents in the inner cities prompted the new government...

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Business barometer unchanged

14.01.2022: In December 2021, the KOF Economic Barometer shows only minor changes...

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Office construction weakens, how will it be in 2022?

14.01.2022: Office construction in Switzerland is the only segment of non-residential construction that recorded a decline...

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Curve points upwards

14.01.2022: The non-residential construction sectors developed differently in 2021...

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Residential construction improved in 2021 and 2022

14.01.2022: After the sharp decline in approvals of rental flats by...

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Non-residential construction stronger than expected

12.01.2022: In non-residential construction, the results for 2021 will be even better than expected...

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Recovery of the Austrian economy delayed

10.01.2022: Towards the end of 2021, the mood in the Austrian economy has deteriorated further...

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Permits stagnate, residential construction activity cools down

10.01.2022: Residential building permits for 2021 have been revised downwards somewhat. Instead of growth of...

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Sentiment remains at a high level

10.01.2022: The ifo Business Climate Index falls by 1,9 points to 94,7 points. Those responsible in the companies...

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Prices for residential real estate rose again

10.01.2022: In the 3rd quarter of 2021, prices for residential property in Germany again rose by...

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DE
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Non-residential construction faces growth year 2022

10.01.2022: In non-residential construction as a whole, a minus...

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DE
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Residential construction remains crisis-proof, vacancy rates point to trend reversal

10.01.2022: Ultimately, looking back at 2021, it is once again evident that residential construction is a crisis-proof mainstay of the German construction industry...

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Building associations are positive about 2022

10.01.2022: The presidents of the two largest German construction associations have taken stock of the year 2021 and provide an outlook into 2022...

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German business sentiment worsens, slight decline in construction industry

06.12.2021: The ifo Business Climate Index deteriorated in November from 97,7 to 96,5 points. Increasing...

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Non-residential construction corrected strongly upwards

06.12.2021: In the context of commercial real estate in Germany, an interesting picture emerges when looking at investments from the 1st to the 3rd quarter...

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Inflation worries savers and drives property demand

06.12.2021: In recent months, the monthly consumer price index figures have been making big waves. In November 2021, the index is also provisionally 5,2% year-on-year...

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DE
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Coalition agreement envisages 400.000 flats per year, is that possible?!

06.12.2021: The coalition agreement of the new federal government takes up the topic of housing construction as a central point. The paper states that 400.000 new flats are to be built per year, 100.000 of them publicly funded...

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DE
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Business climate in the construction industry continues to improve

08.11.2021: The easing of the economic situation in the construction industry continues...

Martin Langen by Martin Langen
DE
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Companies are looking for energy-efficient office space

08.11.2021: Both economic research institutes and brokerage firms have been holding back on accurate forecasts for the office property market...

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DE
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Permits for single-family homes also strongly up in August

08.11.2021: After the SFH permit boom in Q1 2021, where enormous growth rates of 15,8% (January)...

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DE
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Catch-up effect in commercial construction

08.11.2021: In commercial construction, too, the forecast assumes that some construction projects will...

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DE
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Institutes lower economic forecast for 2021

08.11.2021: In mid-October, the Joint Economic Forecast on the situation and outlook of the German economy was published. According to this, GDP is forecast to...

Martin Langen by Martin Langen
DE
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New orders in residential construction remain at very high level

07.10.2021: In the year to July, the German construction industry achieved sales of 50,4 billion euros, around 1 billion euros below the level of the previous year....

Martin Langen by Martin Langen
DE
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Shortage of materials in construction flattening out, business climate in the construction sector improving

07.10.2021: The situation on German construction sites was precarious for months. Delays in deliveries, increases in the cost of building materials and the lack of materials availability led to delays in construction work....

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DE
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Permit numbers remain high

07.10.2021: Even though building permits declined slightly by 0,9% in July compared to July 2020, they remain at a high level....

Martin Langen by Martin Langen
DE
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Business climate softens slightly

07.09.2021: In the first lockdown in 2020, the ifo business climate index plummeted across the economy, as was also the case in the financial crisis of 2009. However, business...

Martin Langen by Martin Langen
DE
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Offices become an anchor

Offices become an anchor

07.09.2021: In the segments of industrial buildings (-30,0%), commercial and warehouse buildings (-31,0%) and hotels (-3,0%), building permits in June 2021 have...

Martin Langen by Martin Langen
DE
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Stable high permit numbers

Stable high permit numbers

07.09.2021: In most commentaries on building permit figures, the first reference is "to the same month of the previous year". This is not wrong for the orientation of the current level, but it is...

Martin Langen by Martin Langen
DE
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Housing loan portfolio has been rising steadily for years

07.09.2021: At the beginning of 2020, mortgage rates had reached a new low. At 0,62% interest for a 10-year loan, loans were more than affordable. In the meantime, the interest rate is already...

Martin Langen by Martin Langen
DE
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The state begins to close the investment gap

16.08.2021: In May 2021, building permits for offices, industrial and commercial buildings also declined compared to the previous year. In contrast...

Martin Langen by Martin Langen
DE
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High permit level continues

16.08.2021: Even though residential building permits rose by only 2,1% year-on-year in May, we have...

Martin Langen by Martin Langen
DE
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Construction industry defies decline in business climate

16.08.2021: In July, the ifo Business Climate Index fell to 100,8 points. The month before, it had still stood at...

Martin Langen by Martin Langen
DE
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Will there be another summer rebound?

13.07.2021: Already at the beginning of 2021, or during the 2nd and 3rd Corona waves, the question was whether the German economy would again be able to move swiftly out of the crisis or whether the damage would be so great that recovery would be rather sluggish....

Martin Langen by Martin Langen
DE
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Companies remain hesitant in 2021

13.07.2021: The Real Estate Climate reached a value of 38,6 points in the survey of the 2nd quarter. This corresponds to an...

Martin Langen by Martin Langen
DE
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Shortage of materials leads to lower project realisation in 2021

Shortage of materials leads to lower project realisation in 2021

13.07.2021: Compared to the last Market Briefing, the completion forecasts have been adjusted somewhat. Instead of...

Martin Langen by Martin Langen
DE
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Explosive growth in EFH permits will not last forever

Explosive growth in EFH permits will not last forever

13.07.2021: The reason for the strong growth this year is the high demand for single-family homes in the first quarter. The following graphs and tables show the development of the monthly permits for single-family homes received by Destatis since ...

Martin Langen by Martin Langen
DE
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Green Deal - what does that mean in concrete terms for construction?

13.07.2021: In the course of discussions about advancing climate change, the EU Commission around Ursula von der Leyen has dedicated itself to the task of developing a framework plan for climate neutrality by 2050. In addition to the classic topics of renewable energies, innovations and transport reform, however...

Martin Langen by Martin Langen
DE
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What will happen in residential construction in 2021?

10.06.2021: Building permits in Germany increased by 2,9% in 2020 despite the crisis. This trend is based on the one hand...

Martin Langen by Martin Langen
DE
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Building completions with a plus of 5,0% in 2020

Building completions with a plus of 5,0% in 2020

10.06.2021: The Federal Statistical Office published the figures for housing completions for 2020 at the end of May. According to these...

Martin Langen by Martin Langen
DE
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Economy recovers - non-residential construction benefits from 2022 onwards

10.06.2021: In non-residential construction, we have also revised our forecasts upwards. The decline in permitted...

Martin Langen by Martin Langen
DE
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Catch-up effects of the companies in 2021

Catch-up effects of the companies in 2021

10.06.2021: An observable trend in non-residential construction is currently the resumption of construction projects by companies that were already planned before the crisis. We had already assumed this in 2020...

Martin Langen by Martin Langen
DE
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Germanys real estate economy continues to grow

Germany's real estate economy continues to grow

10.06.2021: The Deutsche Hypo REECOX is an indicator for the development of the real estate economy in parts of Europe. It comprises the real estate economic indices from 6 countries (DE, UK, FR, PL, ES, NL). The Hypo REECOX was...

Martin Langen by Martin Langen
DE
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Massive increase in savings rate in 2020

10.06.2021: The publications of the German statistical office within the framework of the national accounts show that the savings rate in Germany rose from...

Martin Langen by Martin Langen
DE
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Hopes for post-Corona boom are high

10.06.2021: At the beginning of 2021, the economy slumped again due to the lockdown. GDP fell by...

Martin Langen by Martin Langen
DE
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Federal government tightens regulations for new buildings from 2022 onwards

Federal government tightens regulations for new buildings from 2022 onwards

10.06.2021: Building permits in Germany increased by 2,9% in 2020 despite the crisis. This trend is based on the one hand on the value of "real estate" and on the other hand...

Martin Langen by Martin Langen
DE
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