Increased demand and low mortgage rates have generated a construction boom in Germany. From January to August 2016, 245.300 building permits were issued, which is 25.1% more or 49.200 apartments than last year and the highest level in the first 8 months since 2000.

The number of permits for the reconstruction of existing buildings has also increased significantly. The increase was 38.6%, or 9674 buildings, the highest since 1998.