The consequences of rising construction costs on the final price of housing are not yet evident, but that will soon be the case, real estate operators believe. The rebalancing of the market could take more than a year.
With a period of almost eight consecutive years of uninterrupted price increases, marked by a demand to which supply cannot respond, the housing market is preparing to accommodate another factor that will weigh on sales figures: the supply crisis and consequent accelerated increase in construction costs.
