Building new residential buildings in Germany has become more expensive since last year. Prices fell by 3.3 percent in February compared to the same month last year, the company said
Federal Statistical Office with. From November to February alone, prices rose by 1.5 percent. Disrupted supply chains as a result of the Iran war have not yet played a role in this increase, but they are likely to lead to higher energy and raw material prices in the future. There had already been one the year before Price increase at this level given.
Compared to the previous year, shell construction work was 2.7 percent more expensive in February. Construction work after the shell construction phase became significantly more expensive at 3.8 percent. The growth was particularly strong at 5.4 percent in expansion work for electrical, security and information technology systems. Heating systems and central water heating systems, which also include heat pumps, cost 4.2 percent more.
When it comes to shell construction work, carpentry and wood construction work in particular became more expensive, with an increase of 5.5 percent. Roofing work cost four percent more. All price information refers to construction work on the building including VAT.
Construction industry in crisis
There were also significant price increases in other construction areas last year. New construction prices for office buildings rose by 3.6 percent and for commercial buildings by 3.4 percent. Road construction costs were 3.7 percent higher than the previous year.
Due to the corona pandemic and the war in Ukraine, prices in the construction industry have risen significantly in recent years. Private and institutional investors withdrew, a crisis in the
housing followed. With simpler standards and faster approval processes The federal government wants to provide impetus to the industry.