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“We are sending our construction industry into the abyss,” warns Rolf Buch, boss of Vonovia, Germany’s biggest landlord. The crisis afflicting German builders is far from the country’s only economic problem. But it is particularly acute, and concerns a sector that makes up 12% of GDP and employs 1m construction workers. That makes it important for the health of the German economy and of its society.
The government promised to build 400,000 flats a year when it came to power in
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