Economy
15:53 20 October 2021
Post by: WBJ

Almost all components are missing from the building materials market: CBRE

Almost all components are missing from the building materials market: CBRE
Source: CBRE

The situation in the market for construction and finishing materials is very different from that before the pandemic. Almost all components are missing, but the shortage of steel is particularly acute, says Krzysztof Koziar, the head of the construction consultancy department at CBRE.

According to the expert, this affects the readiness to undertake investments, its costs, and the relationship between investors and contractors.

"Despite the difficulties posed by the situation, its positive sides can be seen. Investors and contractors are convincing themselves to reuse building materials while maintaining high-quality investments," Koziar said.

As a result of the pandemic many building materials, so far available immediately, are out of reach. 

"The supply chain is disrupted, transport from China or the United States is jammed, and the prices of transporting goods have increased significantly,"  he pointed out.

He added that despite difficulties with accessibility, construction and assembly production in August 2021 increased by 10.2 percent compared to August last year.

In his opinion, even companies that had stocks of materials had already used them. The deficiencies concern almost all components, including wood, cement, insulation wool, roofing membranes, or glass.

(PAP

cbre
construction industry
buiding materials
krzysztof koziar

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