After the sudden increase in prices of building materials in the first half of this year. they can be expected to stabilize in the second half of the 2021, Dom Development reported.
In the second half of 2021, the management board of the company expects the prices of construction materials to stabilize, although the pressure on the increase in the costs of investment implementation should still be taken into account. profitability of sales – sited in semi-annual report from Dom Development.
In the first half of 2021, there was a sudden increase in the prices of building materials, in particular steel. The inflation of commodity prices was also accompanied by their limited availability, the company pointed out.
Thanks to its own general contractors, the company and its subsidiaries can react quickly and flexibly to changes in the market environment, limiting the risks associated with the increase in construction costs and threats to the timeliness of the investment. profitability at a level at least equal to that assumed at the time of commencing the implementation of a given project, it announced.
Dom Development is a residential developer listed on the Warsaw Stock Exchange since 2006. In 2020, it sold 3,756 units – the most among developers in Poland.
Source: Dom Development and ISBnews
