Conclusion: Turnaround in Housing Construction in Hamburg

More apartments have recently been completed in Hamburg. The city development authority believes the negative trend of previous years has stopped. A total of 8,319 new apartments were completed in Hamburg last year, according to the North Statistics Office. Since 2020, completion figures in Hamburg had been declining steadily, falling just below 6,000 in 2023. This represents an increase of almost 40 percent compared to the previous year. Almost…