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Germany's government calls summit to combat housing crisis
euronews (in English)
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25/09/2023
With Germany gripped by a crippling housing shortage, the government is bringing together industry leaders and other experts for a special summit in Berlin.
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00:00
With Germany gripped by a crippling housing shortage, the government is bringing together
00:05
industry leaders and other experts for a special summit in Berlin on Monday to address the
00:10
crisis. Soaring interest rates fueling the cost of borrowing is just one of the problems.
00:17
The price of building materials is skyrocketing and construction bosses say there's a lack
00:21
of labourers and skilled workers.
00:24
"The industry is in a bad shape. People are looking for a place to live and we need new
00:31
apartments for the many skilled workers who come to Germany from abroad for all industries.
00:36
We expect a comprehensive package of construction. We expect a decision from the Chancellor, who
00:43
is responsible for construction between the many ministries in Germany. A clear decision
00:48
on how we can move construction forward."
00:51
Olaf Scholz's government says it will extend schemes to help families buy homes and has
00:57
committed an additional billion euros to build residencies for students and apprentices.
01:02
But it's still expected to fall well short of an election promise to build 400,000 homes
01:08
a year.
01:09
(whooshing)
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