Housing industry: rising costs, less output

Less new construction - "room for maneuver is getting tighter"

Only 46 million euros were available for new construction. This proportion is "unfortunately vanishingly small", said consultant Sven Winkler. "The leeway is getting tighter and tighter, and many cooperatives really have to actively look at how they can use the money wisely."

According to the figures, 195 new apartments were built - around 90 fewer than in 2023. In total, the cooperatives managed a good 294,000 apartments in Saxony, around 500 fewer than in the previous year.

The picture is similar for the Association of the Housing and Real Estate Industry (vdw) in Saxony. At around 639 million euros, investments were at a high level, as association director Alexander Müller said. However, output fell due to rising costs.

Just under half of the investment sum (around 300 million euros) went into maintenance, with a further third going into modernization (217 million euros). The social housing companies in the vdw invested 126.7 million euros in new builds, with 719 apartments completed. According to the figures, the portfolio thus amounted to around 310,000 apartments.