European housing cools down – wood prices fall

Fewer homes will be completed in Europe by 2025. In Germany, a decline of 32% is to be expected. European housing construction is in crisis. This is shown by calculations by the Euroconstruct research group , to which the Munich-based Ifo Institute belongs. General uncertainty "In addition to the abrupt turnaround in interest rates and the jump in costs for construction work, the general uncertainty about the medium-term development of real estate prices is leading to pronounced reluctance among builders and interested parties," says ifo construction expert Ludwig Dorffmeister. Sweden (minus 39%), Denmark (minus 33 ...