The cost of building a house is rising by up to a third

Due to the disruption of supply chains during the lockdowns and Russia's attack on Ukraine, as well as the spike in energy commodity prices, the cost of construction materials has risen. Added to this are economic uncertainty, high-interest rates, and skyrocketing inflation that are eroding Poles' purchasing power. As a result of all these factors, investors have postponed building houses or put on hold construction that has already begun. Even though the rate of growth in construction materials and works is expected to slow down in the coming year, they will still remain significantly higher than in 2020.

"In order to best illustrate how the costs of house construction have changed, I would like to use the example of a 150 sq m house with a single-car garage, made of popular silicate blocks, which we are building in the Lower Silesian voivodship. According to our analyses, this voivodship has been characterized by the highest dynamics of price changes over the last year," Marta Kaleta-Domaradzka of Extradom.pl said. 

"The average cost of erecting such a house to open shell has increased by 35 percent year-on-year. We observe that in our voivodeship, 1 sqm of house construction has increased on average by PLN 1,000 net. This is very big – both nominally and in percentage terms – difference," she added.

(Newseria)