Problems with the supply of construction materials lead to higher prices and stimulate local production
20-10-2021

Problems with the supply of construction materials lead to higher prices and stimulate local production

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The pandemic has had a significant impact on many sectors, with construction being among the most affected.

Among the clear trends in the last year is the increased demand for residential properties, as buyers prefer new construction with a larger area and conclude deals at the earliest possible stage of construction. At the same time, changing work habits and accelerated digitalisation, including the growth of e-commerce, are generating increased demand for logistics and warehousing space.

Construction will not only continue to develop actively, but is a prerequisite for a number of economic processes, because in addition to the high market demand and affordability of mortgage lending, it has serious potential to stimulate the recovery of many industries and job creation. At the forefront are construction materials, whose prices for the first half of the year alone have risen at a double-digit pace, unprecedented for years. construction materials, and at the moment the price margin is offset by the increased demand, but their increase is not expected to be only temporary. All this makes the production of construction materials in one of the most attractive investment niches, with high profitability and return. Own production base, rich and quality portfolio, availability of qualified staff and established trade contacts are the important prerequisites for the success of such a business venture, as Bulgaria has very good traditions in the sector. Among them, for example, is the processing and production of facing materials from marble and stone, which are suitable for practical and non-standard exterior and interior solutions.

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