Housing crisis: Construction industry complains about lack of affordable housing for workers
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The Bauen-Agrar-Umwelt industrial union (IG BAU) has warned of a lack of affordable housing for workers. Companies urgently need workers. “But they only come if they find an apartment that they can afford,” said IG-BAU boss Robert Feiger in Berlin.
Anyone who wants to work in big cities and metropolitan areas has little chance of finding affordable housing. “The housing market has become a bottleneck for the labor market,” Feiger told the dpa news agency. But that also means that the overall economy will not grow if it does housing there is no growth. “If nothing happens now, Germany will experience a boomerang effect: the housing crisis will hit the entire economy hard,” said Feiger. There was a shortage of more than 800,000 apartments nationwide.
This article will continue to be updated.
The Bauen-Agrar-Umwelt industrial union (IG BAU) has warned of a lack of affordable housing for workers. Companies urgently need workers. “But they only come if they find an apartment that they can afford,” said IG-BAU boss Robert Feiger in Berlin.
Anyone who wants to work in big cities and metropolitan areas has little chance of finding affordable housing. “The housing market has become a bottleneck for the labor market,” Feiger told the dpa news agency. But that also means that the overall economy will not grow if it does housing there is no growth. “If nothing happens now, Germany will experience a boomerang effect: the housing crisis will hit the entire economy hard,” said Feiger. There was a shortage of more than 800,000 apartments nationwide.
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