Expanding German housing market in 2024: Over 43.8 million homes, featuring a rising average living space
Germany's housing landscape has undergone significant changes over the past decade, with the total living space expanding and the average dwelling size increasing.
According to recent data, more than half (54.8 percent or 23.5 million units) of dwellings in residential buildings were in multifamily buildings. On average, each multifamily building in Germany consisted of 6.7 units. The total living space of all dwellings increased by 9.1 percent between 2014 and 2024, reaching a total of 4.1 billion square meters.
The average dwelling size has also grown. By the end of 2024, the average dwelling size was 94.0 square meters per unit, a 2.5 square meters (+2.8 percent) increase since 2014. The living space per capita has also seen an increase, growing by 2.7 square meters (+5.8 percent) since 2014, reaching 49.2 square meters per capita by the end of 2024.
The ratio of 'persons per dwelling' has decreased slightly, reaching approximately 1.9 persons per dwelling by the end of 2024, compared to nearly 2.0 persons per dwelling at the end of 2014.
The housing stock also saw a growth of 6.1 percent or 2.5 million units from the end of 2014. By the end of 2024, around 43.8 million dwellings were in residential buildings, with 13.5 million single-family homes accounting for approximately one-third (31.4 percent) of the dwellings in residential buildings.
It's worth noting that 5.5 million units (12.8 percent) were in the total of 2.7 million two-family homes. However, no new information about the number of dwellings in multifamily buildings or single-family homes was provided in this paragraph.
Approximately 2.0 percent (890,000) of all dwellings were located in non-residential buildings, but no new information about the types of buildings (residential or non-residential) was provided in this paragraph.
The total population of Germany at the end of 2024 is not explicitly stated in the search results, but specific city data like Leipzig’s population is reported as 632,562 at the end of 2024, with growth attributed mainly to immigration; the national trend shows demographic challenges including a declining workforce and ongoing housing demands, with about 320,000 housing units needed annually due to migration and other factors.
Lastly, the number of dwellings increased by 0.5 percent or 238,500 units from the end of 2023. Despite this growth, it's clear that Germany's housing landscape is evolving, with changes in dwelling size, living space per capita, and the ratio of persons per dwelling.
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