Prices for building materials have risen sharply, posing a challenge for both developers and private homebuilders.
The lack of land availability in attractive philippines number list locations and rising prices are impacting the property market, forcing investors to look for cheaper land in the outskirts, which could reduce developers' margins.
The increase in the price of finishing work on the real estate market is mainly due to increased demand, pressure from developers, inflation and changes in the labour market.
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More and more households, as well as developers planning to build, are forced to postpone this decision. As we all know, 2022 has not been an easy year, rising inflation and the rising cost of living have forced the majority of society to tighten their belts. Is society facing a major crisis? What will be the biggest challenges for the real estate market in the near future?