Residential building permits up 4.9% in Germany in April
Residential building permits in Germany were up 4.9% in April, the second month of gains in construction planning amid a tentative economic recovery and as Berlin prepares to cut red tape in construction. Federal Statistical Office data showed on Wednesday that 18,500 permits for new apartments and houses were granted in April, up 900 from a year prior. The gain in March was 5.8%, or 1100 permits. During the January-to-April period, permits were up 3.7% compared with a year earlier. Germany’s property sector is tentatively recovering from its most severe slump in decades which began in 2022. Permits are an…