ΡΑΛΙ ΣΤΙΣ ΤΙΜΕΣ ΕΩΣ ΚΑΙ 22%
- 30 Apr 2023
- economy
A rally of continuous price appreciation is recorded in the building materials sector, with the consequence that the construction costs of newly built properties are increasing at a rate of more than 15% and accordingly affecting the commercial value of the average residence and small business premises.
Despite the fact that the construction industry "got ahead again" in the last post-memorandum period, as it is commonly known, nevertheless the astute ones taking advantage of the dissolution of state services and the energy crisis, engage in speculative games resulting in the readjustment of the price of materials by 10 .1% over a period of one year, according to the data of the Hellenic Statistical Authority (ELSTAT).
Specifically, in February 2023, compared to the corresponding index of February 2022, an increase of 10.1% was presented, against a 9.0% increase noted when comparing the corresponding indicators of the year 2022 with 2021.
As a contractor of a construction company reports to Dnews, "now the cost of a building has increased, with the consequence of the increase in the cost of purchasing real estate. The cost of building materials is something that construction companies cannot absorb, as a result we are forced to sell more expensively. Certainly an important factor is the objective value of each area, as well as the fact that the price is shaped by when the buyer will close the house. If this is done before the construction is done, the price is lower and correspondingly higher if the house is ready."
The average index for the twelve months March 2022 – February 2023, compared to the corresponding index for the twelve months March 2021 – February 2022, showed an increase of 11.4%, compared to an increase of 5.0% recorded when comparing the corresponding previous twelve months.
It is noted that the General Index during the month of February 2023, compared to the index of January 2023, showed an increase of 0.7%, against an increase of 2.0% that occurred when comparing the corresponding months of the year 2022.
Real estate market
At the same time, the domestic real estate market records a cumulative increase in asking sales prices since 2018 by 44.6% in Attica, 32.2% in Thessaloniki, nationwide by 31.2%, while in major cities by 18.6%. This is good news for those who have been able to invest in real estate and very bad for those looking for a home, whether to buy or rent.
