Koji: 2023 Uncertain for Construction Industry

Construction

2023 will be a year of uncertainty in the construction industry, László Koji, president of Évosz, told portfolio.hu.

Construction costs will increase by 10-15% at the beginning of 2023, and labor costs will also increase, the expert noted.

The construction industry is thinking about an average wage increase of 15%.

In recent years, even at comparable prices, the construction industry has been able to grow by between 15 and 20% yearly. In other words, in a normal course, the sector could produce growth of between 10 and 15% in 2023 as well, for which there would be an increase in capacity and efficiency.

On the other hand, a 10-15% reduction is currently expected, measured at 2022 prices.

Koji concluded that it is not yet clear what inflation in 2023 will add to this.

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