German building industry proposes new measures to Chancellor to tackle property crisis

German building industry to present Chancellor Scholz with new proposed measures to address property crisis.

Industry letter asks for support to prevent mass layoffs and stimulate building activity.

Summit between Chancellor and industry leaders felt government support fell short.

Proposals include expanded furlough scheme to protect jobs and more generous state-backed loans.

Weakness in global property sector focused attention on Germany's slowing market and falling construction rates.