Deutsche Invest Immobilien AG (Dii) filed for bankruptcy on the Thursday before Easter. CEO Frank Wojtalewicz: “We have run out of staying power to overcome the current reluctance of investors and buyers” New orders in the construction industry in January were 7.4 percent lower than in December.
Sales also fell significantly: in real terms they fell by 5.3 percent compared to January 2023. The wave of bankruptcies is probably just now starting, says Deutsche Handwerks-Zeitung.