The wealthiest states are among the hardest-hit, the media outlet reports Housing construction in Europe has taken a hit due to interest-rate hikes, which are aimed at tackling raging inflation but inevitably exacerbating supply-chain issues, sending the cost of loans and building materials soaring, Bloomberg reported on Thursday. The wealthiest nations are among the hardest-hit. New building permits in Germany dropped by over 27% in the first half of the current year, while France saw a 28% year-on-year decline in the number of such licenses as of July 2023. Meanwhile, home building in the UK is projected to fall
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