A Sharp Drop: Thuringia Sees Nearly a Fifth Less Apartments Completed in 2024
A small percentage (less than one fifth) of apartments in Thuringia are currently fit for occupancy. - Approximately 20% fewer homes in Thuringia are available for occupation
In the bustling heart of Germany, the scenic Thuringia region faced a surprising drop in the number of apartments available for occupation last year. The State Statistical Office in Erfurt reported that a staggering 3,310 apartments were constructed in the region in 2024—a 19.7% decrease compared to the previous year.
The majority of these newly-built apartments were the result of fresh constructions, with 683 apartments created through renovation and expansion of existing buildings.
The dwindling dream of homeownership in Thuringia saw a 26.2% decrease last year, with only 1,000 new single-family homes being completed. This is a noteworthy drop from the previous year’s figure of 1,355 homes.
Private homeowners accounted for a majority of the new apartment construction, with 54.6% of the apartments built under their auspices. Companies took charge of 25%, while public homeowners such as municipalities, federal, and state governments were responsible for a mere 0.8%. Notably, public homeowners accounted for 9% of the apartments completed in 2023.
- Thuringia
- Erfurt
- Construction Market
Though specific figures on construction costs for apartments and single-family homes in Thuringia aren't readily available, several factors can impact these costs:
- Stabilizing Construction Sector: The broader German construction industry experienced an uptick in activity, with increased construction output in the initial months of 2025, thanks to the finishing trades[1]. Still, ongoing economic uncertainties and supply chain problems might counteract any potential cost reductions.
- Economic Factors: Variables such as inflation, interest rates, and material costs play a pivotal role in determining construction costs. In Germany, while the inflation rate has decreased, nationwide economic instability and supply chain challenges may still elevate material prices[1].
- Green Initiatives: The German government advocates for environmentally-friendly construction and energy efficiency, providing incentives and funding to promote these practices[3]. This could potentially influence costs and spur innovation in sustainable building practices.
- Regional Infrastructure Investments: Investments in significant projects like the new battery trains for Thuringia demonstrate continued commitment to regional infrastructure development, indirectly impacting local construction costs by enhancing accessibility and bolstering housing demand[4].
To gain the most accurate and up-to-date construction costs for apartments and single-family homes in Thuringia, it would be wise to consult local construction companies or real estate agencies to obtain precise and detailed information.
- The steep decline in apartment construction in Thuringia, as reported by the State Statistical Office in Erfurt, could be due to increasing employment policy restrictions in the construction sector that may have affected the financing of new projects.
- Investors looking to invest in the housing-market of Thuringia should consider the potential impact of green initiatives and regional infrastructure investments, such as the new battery trains, on construction costs and housing demand, according to the regional construction market analysis.
