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It turned out what is causing the biggest problem in the construction industry

It turned out what is causing the biggest problem in the construction industry

They are not afraid of a crisis in the construction industry, but they also hope that the sector will receive help from the government, said Béla Markovich, the managing director of MAPEI Kft.

The biggest problem at the moment, in addition to the shortage of professionals, is the shortage of building materials. This is because some building materials have to wait several months, the final price of which may not even be known to customers at the time of ordering, as it can vary from day to day.

According to Béla Markovich, there are several reasons why contractors are not able to bid for a longer period of time, of which the increase in raw material prices is one of the most significant.

After that, the euro came in, and because of the war, the euro went down, and it still ranges from 390 to 400. Hungarian building material production is also terribly exposed to imports, a lot of products come in from imports, this is perhaps the third, which makes it difficult to give a price offer.

– said the expert, who added, however, that there was a slowdown in price growth, and that prices would stabilize by the end of the year.

László Balogh, the leading economic expert of ATV He told his news program that already in Budapest, more than 1.1 million forints have to be paid for a square meter of new housing, and this increase in prices may continue in the future.

He also noted that in the real estate market, the price of new housing is mainly affected by the increase in construction costs.

Earlier, the Index also reported that gross domestic product (GDP) grew by 8.2 percent in the first quarter of 2022, according to the Central Statistical Office (CSO). The construction industry contributed 0.6 percentage points to the growth.

(Cover image: Akos Stiller / Bloomberg / Getty Images)

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