German construction sector records strong growth in 2016
Hendricks believes the growth wasdue to increased state spending on social housing, high demand for real estate, increased job security and record-low borrowing costs.
"We have succeeded in initiating a turnaround in housing construction within a very short time," said Hendricks.
Residential building permits were issued for more than 380,000 residential buildings in 2016, a steady increase from the 313, 000 permit issued in 2015.
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