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Construction crisis in Castrop-Rauxel: new apartment construction stopped for the time being
As www.ruhrnachrichten.de reports, the construction crisis has also reached Castrop-Rauxel. A large-scale new apartment construction project is on hold for the time being. The construction industry is not having an easy time of it at the moment and that is also having an impact on the real estate market. The construction crisis is leading to reduced construction activity, which in turn leads to a shortage of new housing. Since the new building is on hold for the time being, this could lead to a further shortage of supply. The tighter supply of new housing could lead to rising property prices in the long term, as demand for living space remains high in many regions. The stabilization of purchase prices could be a consequence of this shortage. However,...
Construction crisis in Castrop-Rauxel: new apartment construction stopped for the time being
How www.ruhrnachrichten.de reports, the construction crisis has also reached Castrop-Rauxel. A large-scale new apartment construction project is on hold for the time being. The construction industry is not having an easy time of it at the moment and that is also having an impact on the real estate market.
The construction crisis is leading to reduced construction activity, which in turn leads to a shortage of new housing. Since the new building is on hold for the time being, this could lead to a further shortage of supply.
The tighter supply of new housing could lead to rising property prices in the long term, as demand for living space remains high in many regions. The stabilization of purchase prices could be a consequence of this shortage.
However, it should also be noted that increased construction activity due to government support and incentives could improve the situation and lead to an easing of tensions on the market.
It remains to be seen how the construction crisis will continue to affect the real estate market and whether government measures can influence the situation. As an expert in the real estate market, I will follow developments closely and inform you about the effects on the market.
Read the source article at www.ruhrnachrichten.de