Zombie sites worsen German housing woes

Troubled sector: A construction site in Frankfurt, Germany. Economists predict Germany’s crisis in residential construction will drag on a long time. — Bloomberg

Berlin: Valeriy Shevchenko was getting ready to move into a new three-room apartment in Berlin’s upscale Prenzlauer Berg district before disaster struck.

More than a year later, it’s still unfolding as part of the turmoil in German housing.