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Price explosions for newly built apartments will follow

(iulie 2023)
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Price explosions for newly built apartments will follow
The local construction market is facing many challenges, with the biggest being the difficulty of obtaining building permits, followed by rising costs. While in the case of 20–30-year mortgages, the impact of rising interest rates is temporary as these interest increases may only affect 2-3 years of the contract term, in the case of the developer, as the financing of development is only for 2-3 years, interest alone may impact the final cost of construction in this case by around 10-15%.

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