Construction costs set the floor for new property prices. As the global cost of materials like steel concrete and glass rises developers are forced to increase their launch prices to maintain profitability. This means that future projects will inevi…
Construction costs set the floor for new property prices. As the global cost of materials like steel concrete and glass rises developers are forced to increase their launch prices to maintain profitability. This means that future projects will inevitably be more expensive than current ones. For investors buying now means locking in a price based on today's lower construction costs providing a hedge against future inflation in the building sector.
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