Arab Today, arab today german housing booms thanks to debt crisis
Last Updated : GMT 14:44:30
Arab Today, arab today
Arab Today, arab today

German housing booms, thanks to debt crisis

Arab Today, arab today

Arab Today, arab today German housing booms, thanks to debt crisis

Frankfurt - DW

German construction is set for a fourth consecutive year of growth. Low interest rates and fears of inflation, results of the eurozone debt crisis, have created just the right conditions for the boom to continue. In the first nine months of 2012, housing construction in Germany was up by 6.2 percent compared with the same period a year ago, according to official data released Tuesday by the German Federal Statistics Office, Destatis. As building permits this year soared to 178,100 by the end of September, the positive trend in housing since 2010 had prevailed, Destatis said in a statement. Most remarkable was a 14 percent rise in commercial construction, while private home building gained 2.6 percent, the German statisticians added. German construction sector lobby group ZDB said historically low interest rates had fostered a boom in both private home building and commercial construction. \"Although the pace of growth slowed a bit in recent months, the number of new building permits remains at a high level,\" Andreas Geyer, ZDB chief economist, told Reuters news agency. Geyer described conditions for further growth in construction as conducive - considering sturdy employment and income figures, as well as low financing costs in Germany. The ZDB chief economists also said he didn\'t share fears expressed recently by the German central bank, the Bundesbank, for an asset bubble to emerge in the German housing market. In spite of rising housing prices, there wasn\'t excessive credit expansion in the sector, he said. ZDB expects overall 2012 revenue in the German construction sector to rise by 2.3 percent to 94.3 billion euros ($120 billion), with private housing construction due to expand most - at a predicted rate of 7 percent. For next year, the lobby group predicts the boom to continue at a pace of between 4 and 6 percent for private housing, and a maximum of 4 percent for the construction sector as a whole.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today german housing booms thanks to debt crisis Arab Today, arab today german housing booms thanks to debt crisis

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today german housing booms thanks to debt crisis Arab Today, arab today german housing booms thanks to debt crisis

 



Arab Today, arab today
Arab Today, arab today Arab tradition glitters in Colombia

GMT 12:59 2017 Thursday ,19 October

Arab tradition glitters in Colombia
Arab Today, arab today Second US judge orders freeze

GMT 08:04 2017 Thursday ,19 October

Second US judge orders freeze
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Writing's on the wall for Trump, Zuckerberg

GMT 09:05 2017 Thursday ,19 October

Writing's on the wall for Trump, Zuckerberg
Arab Today, arab today Hiring not part of Alibaba pledge

GMT 11:26 2017 Wednesday ,18 October

Hiring not part of Alibaba pledge
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Sidem reveals plan to improve education

GMT 15:52 2017 Friday ,06 October

Sidem reveals plan to improve education
Arab Today, arab today Ex-French minister Dati wants tough action

GMT 10:54 2017 Thursday ,19 October

Ex-French minister Dati wants tough action
Arab Today, arab today Climate-disrupting volcanoes helped topple

GMT 16:00 2017 Wednesday ,18 October

Climate-disrupting volcanoes helped topple
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Mercedes says recalls 400,000 UK cars

GMT 06:56 2017 Tuesday ,17 October

Mercedes says recalls 400,000 UK cars
Arab Today, arab today Britain's Vauxhall to cut 400 jobs

GMT 10:53 2017 Sunday ,15 October

Britain's Vauxhall to cut 400 jobs
Arab Today, arab today Hussein Fahmy happy for honoring in festival

GMT 07:47 2017 Tuesday ,17 October

Hussein Fahmy happy for honoring in festival
Arab Today, arab today Three killed, 360,000 without power

GMT 05:11 2017 Tuesday ,17 October

Three killed, 360,000 without power

GMT 09:31 2017 Monday ,16 October

Dalal Abdel Aziz happy for “Seventh Neighbor”

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman

GMT 18:29 2017 Sunday ,03 September

Designer produced new set of ornaments

GMT 18:49 2017 Monday ,16 October

India to close colonial-era military farms

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 23:42 2017 Monday ,16 October

Better Marriages Make

GMT 06:52 2017 Monday ,16 October

Airbus CEO says won't cling to job

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 03:59 2017 Sunday ,15 October

US mobile carriers Sprint, T-Mobile to merge

GMT 19:29 2017 Tuesday ,29 August

Yomna: decoration leaved positive effects
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday