The Rising Price of Materials Triggers Construction Costs
Construction costs have skyrocketed to historic figures, due to the rise in cost and price of some materials. With just one year difference, in the construction sector is experiencing a considerable increase in costs. There is a range of factors that have triggered this situation but, without a doubt, the high price of materials is the main one. Not only raw materials. The Rising Price have become more expensive, but also energy and fuels . This rise, which especially affects the building and civil engineering sector , is expected to continue at least until the end of this year. Why have Construction Costs increased.
Reasons-increased-construction-costs
Source Montero Construccions In recent months, construction costs have experienced a sharp rise, a fact that has become the biggest problem to face for the construction and promotion sector in Spain . This problem, according to Jordi Montero, manager of Montero Italy WhatsApp Number Data Construccions , a construction company with more than years of experience in the construction and renovation sector in the Empordà area (Girona), this situation has apparently. The Rising Price come to stay for a long time. time frame. For this reason, companies belonging to this sector must look for optimal solutions to avoid the increase in the final price of housing , which can rise.
This increase in construction costs has been
Caused by the increase in the cost of raw materials, as well as electricity , gasoline, energy or transportation . One of the sectors most affected by this situation is residential construction. The Rising Price whose costs skyrocketed by .% in , data collected in the Philippines Phone Number Direct Construction Cost Index prepared annually by the ACR construction company . The rise in material prices is due, in part, to the greater demand for products following the global economic recovery . With the end of the health crisis. Arecovery is underway that has allowed the supply chain to be reactivated and the demand. For materials to increase, which increases their prices.
