Development Portfolio

Real estate: Abrupt "brake" in construction


An increase of 65%-70% has been recorded on average in the cost of new housing construction from mid-2021 to date due to the successive crises, first the disruption caused by the pandemic in the supply chain and then the war in Ukraine. At the same time, as real estate market executives report, there are also phenomena of speculation by a portion of material trading companies, while the increase in labor costs is also vertical. the offer on the market", note the construction industry bodies.