February 14, 2024

empirica housing market forecasts: demographic trends up to 2045

The new empirica housing market forecasts show the demographic trends in the German housing market until 2045. If immigration to Germany does not significantly decrease, then the population will continue to rise. The empirica demand forecast shows an annual new construction demand of around 170 thousand apartments for the period 2024-27. After that, demand decreases somewhat, but in the mid-2030s there will be a small demographic upheaval, causing demand from older households to rise again.