The latest report from research firm Spectis indicates that following a strong start to the year, the outlook for the construction sector over the coming months of 2022 is now less bright. The expected slowdown can be indirectly caused by the ongoing war in Ukraine, which only aggravates the problems the market has been facing previously, such as soaring prices of raw materials, building materials, and energy sources or the shortage of labour.

Published on: 22.05.2022

Reading time: 1 min

Author: Spectis

The latest statistics indicate that the construction sector has made enough of a cushion in Q1 2022, so it should see several-percent growth in terms of the market value in 2022 as a whole, despite the projected slowdown over the coming months. There are more concerns about 2023 and 2024 regarding both the volume of work and contract profitability.

Full article: www.property-forum.eu

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