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Residential construction: Will only replacement demand be met in the long-term?

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  • Karin Behring

Abstract

Between 2000 and 2002 new residential construction declined by 134,000 units per annum. In 2003 the number of housing completions fell against the previous year by 7.4%. In 2004 the decline continued. However, the fall is limited to eastern Germany, whereas in western Germany, due to the relatively stable construction of new homes, stagnation can be expected. In the fourth edition of the construction forecast for Germany, the Ifo Institute expects 260,000 housing completions in Germany in 2004 - 32,000 in eastern and 228,000 in western Germany.

Suggested Citation

  • Karin Behring, 2005. "Residential construction: Will only replacement demand be met in the long-term?," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 58(05), pages 34-41, March.
    • Handle: RePEc:ces:ifosdt:v:58:y:2005:i:05:p:34-41
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    References listed on IDEAS

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    1. Erich Gluch, 2005. "On a long-term basis no unfavourable outlook for commercial construction in Germany," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 58(04), pages 42-48, February.
    2. Jürgen Schupp & Marc Szydlik, 2004. "Erbschaften und Schenkungen in Deutschland: wachsende fiskalische Bedeutung der Erbschaftsteuer für die Länder," DIW Wochenbericht, DIW Berlin, German Institute for Economic Research, vol. 71(5), pages 59-65.
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    JEL classification:

    • L85 - Industrial Organization - - Industry Studies: Services - - - Real Estate Services

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