2026

According to the new empirica population forecast, the number of inhabitants will change from around 83.6 million in 2024 to 80.3 million in the lower variant and 86.3 million in the upper variant in 2045. The empirica demand forecast shows an annual demand for new construction of around 225,000 apartments for the period 2025-32. From the mid-2030s, demand will rise to around 260,000 units per year.

The independent economic and social science research and consulting institute empirica has published its first housing market report. It provides a comprehensive outlook on the housing market in 2026. The study focuses on demand, supply and price developments. New construction has collapsed, while rents are rising. Despite stagnating population figures, the housing shortage will continue to increase. High interest rates are causing purchase prices to stagnate once again.