Housing construction: high level of immigration and low interest rates are bringing about an exceptional boom

Again, in 2015, housing construction will continue to substantially prop up the economy. Driven by high migration numbers and low interest, demand for housing will continue to rise. According to our predictions, investments in housing construction will increase by 2.5 %. In national terms, we are still a long way off a property price bubble but we must continue to monitor the regional and local markets for signs of overheating.

KfW Investment Barometer Germany: February 2015(PDF, 45 KB, non-accessible)