B+L Marktdaten: Bau- & Immobilien Prognosen, Studien & Analysen

05.05.2026

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Retrospective adjustments in non-residential construction in 2025 as well

11.06.2026: Non-residential construction in Germany continues ...

Retroactive change for the year 2025

11.06.2026: The growth forecast for 2025 has been revised...

KfW supports conversion to residential use

11.06.2026: The KfW funding programme “Gewerbe zu Wohnen”...

The new normal in the mortgage market: What does the second half of 2026 hold?

11.06.2026: Following the turbulent years of 2022 and 2023, th...

Sentiment in the property finance market has deteriorated

11.06.2026: Following a period of easing in the second half of...

Focus on the BauGB reform

11.06.2026: On 27 May 2026, the Federal Cabinet approved a...

Consumer sentiment has also improved

11.06.2026: In May, consumer confidence in Germany improved...

Downward trend halted for now

11.06.2026: Following significant declines...

Stagnation in the Building and Energy Technology Sector: Market Recovery Delayed in Q1 2026

05.05.2026: The building and energy technology sector in Germa...

Permits to recover in 2026

05.05.2026: In the latest B+L forecast, we have made significa...

Desire for home ownership remains high

05.05.2026: A recent survey shows that the desire for home own...

High capacity utilisation and staff shortages are driving up costs in the skilled trades

05.05.2026: Rising costs, high capacity utilisation and a pers...

Weather slows construction turnover at the start of the year

05.05.2026: The main construction sector in Germany recorded a...

Investment market to slow down from May

05.05.2026: Inflation is gaining momentum once again, bringing...

Rents rise significantly

05.05.2026: In the first quarter of 2026, rents in Germany ros...

Consumer confidence index fell significantly in April

05.05.2026: Consumer confidence in Germany deteriorated notice...

Uncertainty is spreading throughout the economy

05.05.2026: The ifo Business Climate Index fell to 84,4 points...

Growth in the NRB further delayed by the Iran war

01.04.2026: The Iran war is having a dampening effect on the d...

Recovery slowed by war in Iran

01.04.2026: The oil price shock, rising interest rates and geo...

Financing volume of vdp member institutions rose in 2025

01.04.2026: The member institutions of the Association of Germ...

Property Sentiment Index declines

01.04.2026: The following chart shows the development of asses...

New forecast on the impact of the war with Iran

01.04.2026: Geopolitical tensions in the Middle East have esca...

Interest rate outlook remains uncertain despite stable monetary policy

01.04.2026: Since the start of the Iran conflict, yields on bo...

Iran conflict weighs on consumer confidence index

01.04.2026: The consumer confidence index fell to -28 points i...

Middle East conflict fuels uncertainty

01.04.2026: Sentiment in the German economy deteriorated in Ma...

Non-residential construction to grow from 2028

06.03.2026: Non-residential construction has changed...

Adjustments in residential construction

06.03.2026: In residential construction, the current forecast ...

Development of industry turnover

06.03.2026: Industry turnover of €168 billion is expected for....

Rising residential vacancy rates expected in Germany from 2028

06.03.2026: The vacancy rate for residential property in Germa...

Consumer climate index declines slightly

06.03.2026: Consumer sentiment did not improve...

War in the Middle East, possible ceasefire in Ukraine – what this means for construction activity in 2026 and 2027

06.03.2026: Since 28 February 2026, the US and Israel have bee...

Economic recovery begins

06.03.2026: The mood in the German economy...

Market analysis March 2026

06.03.2026: The unusually cold January 2026 slowed down constr...

No significant changes in NRB

06.02.2026: In non-residential construction, the forecasts for...

Recovery in residential construction from 2027

06.02.2026: B+L has made only minor adjustments to its current...

Drivers of construction activity in residential construction

06.02.2026: A differentiated analysis by building type shows w...

Residential property price trends in 2025

06.02.2026: At the end of 2025, the German residential propert...

How high is the realistic construction backlog

06.02.2026: The construction backlog is often quoted as 700.00...

Rise in the GfK consumer climate index

06.02.2026: At the beginning of 2026, the GfK consumer climate...

Business climate index remains unchanged

06.02.2026: In January, the ifo Business Climate Index stood a...

Recovery in NRB from 2028

12.01.2026: The forecast period for non-residential constructi...

Change in the forecast period

12.01.2026: In its current forecast, B+L has shifted the perio...

Office properties – buyer's market with no sign of a turnaround

12.01.2026: Although the investment markets have stabilised, t...

Real estate lending rises sharply

12.01.2026: The business situation is deteriorating, falling t...

Consumer climate index at the end of the year

12.01.2026: The index fell by 3,5 points compared to the previ...

Mixed assessments of the German economy continue

12.01.2026: At the end of the year, the economic mood in Germa...

Slight change in NRB

09.12.2025: For the current year, B+L expects a 4,1% decline i...

Residential construction improves, particularly in 2025

09.12.2025: The forecasts for residential construction are imp...

Housing market in the first three quarters of 2025

09.12.2025: The transaction volume on the German real estate m...

Real estate lending rises sharply

09.12.2025: In the first three quarters of 2025, the banks bel...

GfK consumer climate index stabilises at the end of the year

09.12.2025: At the end of the year, the GfK consumer climate i...

Mixed assessments of the German economy

09.12.2025: In November, economic sentiment in Germany was...

Stable turnaround at the end of the year

09.12.2025: The mood and l age in the overall economy and amon...

Building permits skyrocket in September?2025 | 11/2025

01.12.2025: The latest figures from the Federal Statistical Of...

Despite positive signals, NRB loses ground

10.11.2025: B+L has slightly adjusted its forecast for non-res...

Noticeable recovery in residential construction from 2027

10.11.2025: There have been no adjustments to the previous for...

Different assessments of the impact of the special fund

10.11.2025: The German government's debt-financed special fund...

Adjustments to subsidy programmes for home ownership and new construction

10.11.2025: The Federal Ministry of Construction has announced...

Collective agreement leads to increase in minimum wage for roofers

10.11.2025: In September 2025, the Central Association of Germ...

Property market shows first signs of recovery, mood remains cautious

10.11.2025: After two years of decline, property prices in Ger...

Inflation declines slightly in October

10.11.2025: The inflation rate in October was 2,3% compared to...

Slight decline in the GfK consumer climate index

10.11.2025: The GfK consumer climate index fell by 1,6 points ...

German economy sends mixed signals in October

10.11.2025: The German economy sent mixed signals in October. ...

Recovery in the Non-residential construction from 2026

08.10.2025: Non-residential construction remains under pressur...

Moderate adjustments in residential construction

08.10.2025: Residential construction has changed slightly comp...

Real estate industry: Sentiment cools again after summer break

08.10.2025: The latest ZIA-IW Real Estate Sentiment Index (ISI...

Inflation remains stable at around 2%

08.10.2025: The inflation rate in Germany has stabilized at ju...

Construction investment remains under pressure, infrastructure stabilizes

08.10.2025: According to calculations by the Kiel Institute, c...

Residential real estate market: sales approach pre-crisis level

08.10.2025: Residential real estate trading in Germany is gain...

Strong year-on-year increase in new orders in the main construction sector

08.10.2025: In the first seven months of 2025, there was a con...

Investor survey: Renewable energies gain in importance

08.10.2025: A recent survey by the Drees & Sommer Group's capi...

Consumer climate stabilizes in September

08.10.2025: The consumer climate in Germany has halted its dow...

ifo Business Climate: gloomy mood in the German economy

08.10.2025: The ifo Business Climate Index fell to...

Construction Ministry as an investment driver - Hubertz focuses on housing construction and property promotion

08.10.2025: Federal Construction Minister Verena Hubertz (SPD)...

Development of the housing market in the second quarter of 2025

03.09.2025: According to the latest CBRE market report, "Germa...

Federal Collective Bargaining Act aims to strengthen collective bargaining coverage

03.09.2025: On 6 August 2025, the Federal Cabinet approved the...

No change in non-residential construction

03.09.2025: The current B+L forecast confirms the previous ass...

Improvements in residential construction

03.09.2025: The current B+L forecast for residential construct...

Consumer climate declined in August

03.09.2025: The current consumer climate index has declined. F...

Home ownership on the rise – savings goals shifting

03.09.2025: The latest half-year figures from the Federal Stat...

Order intake in the main construction sector rises significantly

03.09.2025: In the main construction sector, order intake rose...

German economy suffers setback in August

03.09.2025: The DIW Berlin economic barometer fell slightly in...

German construction industry: Decline slows significantly

03.09.2025: The HCOB Construction Index (Germany) reached 46,3...

Growth in Non-residential construction from 2026

07.08.2025: Non-residential construction continues to show no ...

Slight adjustments in residential construction

07.08.2025: Residential construction has changed slightly comp...

Consumer climate continues to decline in August

07.08.2025: The current consumer climate in August is predicte...

Inflation target of 2,0% also achieved in July

07.08.2025: As in June, the year-on-year inflation rate remain...

Real estate prices rise again

06.08.2025: Real estate prices continued to rise in the second...

Gradual recovery of the German economy

06.08.2025: In July, the ifo Business Climate Index rose sligh...

Serial renovation: growth with limitations

06.08.2025: Serial renovation is often discussed as a source o...

ifo Business Climate Index rises again in June

04.07.2025: Sentiment in the German economy continues to impro...

German economy: Recovery slowly picking up speed - structural problems remain

04.07.2025: The German Institute for Economic Research (DIW Be...

Inflation fell to 2,0% in June

04.07.2025: In June, the inflation rate fell to 2,0 percent, t...

Material prices stabilize

04.07.2025: The producer price index for construction products...

Federal budget 2025: same funding from new pot

04.07.2025: With the cabinet resolution on the 2025 federal bu...

Sentiment in the real estate industry brightens significantly

04.07.2025: The real estate industry in Germany is looking to ...

Construction funding to be financed from special infrastructure fund in future

04.07.2025: The German government is sending a clear signal fo...

Consumer climate declines slightly in July - rising propensity to save slows recovery

04.07.2025: The recovery in consumer sentiment in Germany is s...

Real estate financing is improving

04.07.2025: The times when real estate financing often failed ...

Sentiment in residential construction improves strongly

04.07.2025: Incoming orders for residential construction compa...

Non-residential construction remains difficult

04.07.2025: In the current B+L forecast, permits have not been...

Permits in non-residential construction set to recover as early as 2026

Retrospective adjustments in non-residential construction in 2025 as well

Retroactive change for the year 2025

KfW supports conversion to residential use

The new normal in the mortgage market: What does the second half of 2026 hold?

Sentiment in the property finance market has deteriorated

Focus on the BauGB reform

Consumer sentiment has also improved

Downward trend halted for now

Stagnation in the Building and Energy Technology Sector: Market Recovery Delayed in Q1 2026

Permits to recover in 2026

Desire for home ownership remains high

High capacity utilisation and staff shortages are driving up costs in the skilled trades

Weather slows construction turnover at the start of the year

Investment market to slow down from May

Rents rise significantly

Consumer confidence index fell significantly in April

Uncertainty is spreading throughout the economy

Growth in the NRB further delayed by the Iran war

Recovery slowed by war in Iran

Financing volume of vdp member institutions rose in 2025

Property Sentiment Index declines

New forecast on the impact of the war with Iran

Interest rate outlook remains uncertain despite stable monetary policy

Iran conflict weighs on consumer confidence index

Middle East conflict fuels uncertainty

Non-residential construction to grow from 2028

Adjustments in residential construction

Development of industry turnover

Rising residential vacancy rates expected in Germany from 2028

Consumer climate index declines slightly

War in the Middle East, possible ceasefire in Ukraine – what this means for construction activity in 2026 and 2027

Economic recovery begins

Market analysis March 2026

No significant changes in NRB

Recovery in residential construction from 2027

Drivers of construction activity in residential construction

Residential property price trends in 2025

How high is the realistic construction backlog

Rise in the GfK consumer climate index

Business climate index remains unchanged

Recovery in NRB from 2028

Change in the forecast period

Office properties – buyer's market with no sign of a turnaround

Real estate lending rises sharply

Consumer climate index at the end of the year

Mixed assessments of the German economy continue

Slight change in NRB

Residential construction improves, particularly in 2025

Housing market in the first three quarters of 2025

Real estate lending rises sharply

GfK consumer climate index stabilises at the end of the year

Mixed assessments of the German economy

Stable turnaround at the end of the year

Building permits skyrocket in September?2025 | 11/2025

Despite positive signals, NRB loses ground

Noticeable recovery in residential construction from 2027

Different assessments of the impact of the special fund

Adjustments to subsidy programmes for home ownership and new construction

Collective agreement leads to increase in minimum wage for roofers

Property market shows first signs of recovery, mood remains cautious

Inflation declines slightly in October

Slight decline in the GfK consumer climate index

German economy sends mixed signals in October

Recovery in the Non-residential construction from 2026

Moderate adjustments in residential construction

Real estate industry: Sentiment cools again after summer break

Inflation remains stable at around 2%

Construction investment remains under pressure, infrastructure stabilizes

Residential real estate market: sales approach pre-crisis level

Strong year-on-year increase in new orders in the main construction sector

Investor survey: Renewable energies gain in importance

Consumer climate stabilizes in September

ifo Business Climate: gloomy mood in the German economy

Construction Ministry as an investment driver - Hubertz focuses on housing construction and property promotion

Development of the housing market in the second quarter of 2025

Federal Collective Bargaining Act aims to strengthen collective bargaining coverage

No change in non-residential construction

Improvements in residential construction

Consumer climate declined in August