Houses could remain unfinished due to material costs
There has been a drastic rise in the price of building materials over the past year, but the phenomenon is affecting home renovators and those building their own houses much more than large investors, writes profitline.hu.
Zoltán Gadanecz, the founding owner of GDN Real Estate Network, said that while large companies can reschedule their orders, individuals building real estate for themselves are not always able to obtain new sources, so the whole project becomes more expensive.
According to the expert, there will be those who therefore stop construction or, for financial reasons, can only complete it much later than originally planned.
ADVERTISEMENT
Hungary Trade Surplus at EUR 308 mln in April
Parl't Approves Amendments to Legislation on Judiciary
Masterplast Sets up JV with Market Épitő
Landmark Budapest Dept Store to Reopen After HUF 8 bln Renov...
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
