Arab Today, arab today german housing booms thanks to debt crisis
Last Updated : GMT 04:58:20
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.

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 Fadi Kataya explains secrets of  Nancy Ajram's newlook
Arab Today, arab today Messi visit will contribute in tourism

GMT 14:04 2017 Friday ,24 February

Messi visit will contribute in tourism
Arab Today, arab today Expresses Algerian history by woody figures

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures
Arab Today, arab today Mental conflict endures

GMT 07:36 2017 Friday ,24 February

Mental conflict endures
View News in Arabic - Business: عقارات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Reading therapy relieves mental disorders

GMT 15:39 2017 Friday ,24 February

Reading therapy relieves mental disorders
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Wafaa Amer is happy for Sherihan’s return

GMT 07:36 2017 Wednesday ,22 February

Wafaa Amer is happy for Sherihan’s return
Arab Today, arab today Milan laughs while Rome cries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 05:19 2017 Tuesday ,21 February

Salma Rashid happy for 'A Whisper of Love'

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives heritage in jewelries

GMT 15:53 2017 Tuesday ,21 February

Small ponds have outsized impact

GMT 20:33 2017 Friday ,17 February

To release new antiques collection

GMT 07:51 2017 Wednesday ,22 February

Mom's immune system accepts babies

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 20:02 2017 Tuesday ,21 February

Nohan Seyam designs beautiful accessories
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