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  • IG Bau Warns of Housing Poverty Amid Economic Challenges in Construction Sector

    Daily Monitor May 7, 2026

    IG Bau Warns of Housing Poverty Amid Economic Challenges in Construction Sector

    IG Bau’s chief, Feiger, highlights that approximately five million retirees will receive less than 800 euros monthly from statutory pensions, risking housing poverty due to high rental costs.

    Feiger’s comments, reported in the ‘Rheinische Post’, reference calculations from the Pestel Institute in Hannover, indicating that after housing expenses, many retirees will struggle to afford basic living costs. Concurrently, HDB’s managing director, Müller, noted in Deutschlandfunk that numerous housing projects are currently unviable economically, suggesting the need for special depreciation, adjustments to property transfer tax, and increased support from the KfW development bank. A meeting of political and industry representatives is scheduled in Berlin to address these pressing issues.


    For journalistic integrity, this report was summarized from: deutschlandfunk.de

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