The German government will put on indefinite hold plans to require more stringent building insulation standards, environment minister Robert Habeck told Reuters, an effort to help prop up the ailing building industry.
between the building industry and government leaders with Chancellor Olaf Scholz on Monday to address a major slump in the sector.
Abolition of the insulation standards has been a top demand of industry, which says the measures are too expensive and put a further damper on the depressed construction industry. "High interest rates and inflation are a heavy burden for the construction industry," Habeck told Reuters, noting that the insulation measures now "can wait".
"I don't see this new standard being introduced in this legislative period," he said. The period runs until late 2025. For years, low interest rates fuelled a global boom, igniting interest in German property, seen as safe and stable as the country. A sharp rise in rates put an
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