Without new construction, there is no relief – the housing market is completely freezing up. Empirica's managing director Reiner Braun warns: "Without new construction, there is no relief – the housing market is completely freezing up." Because potential owners can no longer manage the financing, they are involuntarily moving to the rental market and additionally blocking it. However, due to high construction costs and rising interest rates, very few new apartments are currently being sold, which, according to Braun, also has negative effects on rents: "Because potential owners can no longer manage the financing, they are involuntarily moving to the rental market and additionally blocking it." #Wohnungsmieten #Hamburg #Frankfurt (translated)