German housing completions in 2009 fell to lowest level in at least 50 years
March 11th, 2010
Deutsche Bank says in 2009, the German housing market sector fell to its lowest level in at least 50 years — at least with regard to housing completions. Frequently cited concerns about another housing shortage are highly exaggerated, however; only in a few urban areas is a severe housing shortage likely to materialise.
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