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euronews (in English)
  • 2 years ago
With Germany gripped by a crippling housing shortage, the government is bringing together industry leaders and other experts for a special summit in Berlin.
Transcript
00:00 With Germany gripped by a crippling housing shortage, the government is bringing together
00:05 industry leaders and other experts for a special summit in Berlin on Monday to address the
00:10 crisis. Soaring interest rates fueling the cost of borrowing is just one of the problems.
00:17 The price of building materials is skyrocketing and construction bosses say there's a lack
00:21 of labourers and skilled workers.
00:24 "The industry is in a bad shape. People are looking for a place to live and we need new
00:31 apartments for the many skilled workers who come to Germany from abroad for all industries.
00:36 We expect a comprehensive package of construction. We expect a decision from the Chancellor, who
00:43 is responsible for construction between the many ministries in Germany. A clear decision
00:48 on how we can move construction forward."
00:51 Olaf Scholz's government says it will extend schemes to help families buy homes and has
00:57 committed an additional billion euros to build residencies for students and apprentices.
01:02 But it's still expected to fall well short of an election promise to build 400,000 homes
01:08 a year.
01:09 (whooshing)
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