Germany’s real estate sector in stress، new construction plunged 47% in 6months
German Property Federation, GPF, announced today that new construction plunged 47% in Germany during the first half of the year, compared with the average of the past two years and new building permits plunged 27% during the first five months as the property sector, which makes up roughly 20% of economic output and one in ten jobs, is grappling with a major turn of fortune after the largest eco