Rising Interest Rates Pull the Plug on the Construction Industry

Michelsen Claus

Wirtschaftsdienst, 2023, vol. 103, issue 1, 16-19

Abstract: The environment for investment in housing construction has changed drastically. Rising interest rates and construction costs are leading to a significant decline in investment activity. This will exacerbate the shortage on the housing market, as refugees from Ukraine also require housing on a significant scale. Clever solutions are needed to allow additional housing construction under the new conditions.

JEL-codes: E22 E43 R31 (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:vrs:wirtsc:v:103:y:2023:i:1:p:16-19:n:9

DOI: 10.2478/wd-2023-0009

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