According to a study conducted by Deloitte, “Real Estate Confidence Survey for Central Europe”, the increase in construction costs is the biggest challenge of 2022 for 90% of real estate companies in Romania and other countries in Southeast Europe.
Study participants believe that the war in Ukraine has generated supply chain syncope, accelerating the rise in the price of both building materials and energy. This concern, together with that related to widespread inflation, the difficulty of finding land and the general uncertainty in the market, is reflected in the perception of developers about the evolution of profit margins, 90% of which expect a deterioration.