“Today we see a dual trend: on the one hand, we observe sudden price jumps and logistical challenges for certain material groups, on the other hand – the strongest market developers demonstrate a high level of adaptation. There is no mass project stoppage in the market,” said Šarūnas Tarutis, director of Citus, to 15min.
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Materials are getting more expensive
Currently, there is an observed increase in the prices of many construction materials, directly caused by rising oil prices. This change triggers a chain reaction: energy resources and raw materials become more expensive, which correspondingly increases final production costs.
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