forecast

The empirica forecasts show the regional demographic trends and their impact on the housing market up to 2045. Three scenarios take into account different migration scenarios for international migration. Along these development paths, the forecasts illustrate which demand trends can be expected in the different housing market regions in Germany. The forecasts are updated once a year to take account of new trends, particularly in foreign migration.

The new empirica housing market forecasts show the demographic trends in the German housing market until 2045. If immigration to Germany does not significantly decrease, then the population will continue to rise. The empirica demand forecast shows an annual new construction demand of around 170 thousand apartments for the period 2024-27. After that, demand decreases somewhat, but in the mid-2030s there will be a small demographic upheaval, causing demand from older households to rise again.

• Around 1.1 million people with Ukrainian citizenship were living in Germany at the end of September.
• Highest immigration rates in March, April and May with up to 375,000 people per month.
• Mostly underage and well-educated people come.

With the annual update of the forecasts by empirica and empirica regio, current data on the development of population, households, demand for new buildings and vacancies up to 2035 are now available for all districts.

The updated empirica housing market forecast on new construction demand is now available regionally differentiated for flats in single and two-family houses as well as flats in multi-family houses. Depending on the scenario, between 233,000 and 253,000 additional flats will be needed in the short term.

The empirica regional database has received a comprehensive data update, which is now available to all customers.

The updated housing market forecast on the demand for new construction is now available for flats in single and two-family houses as well as flats in multi-family houses.