23
Apr
Construction costs increased in 2021, and a shortage of materials could make new construction a costly business in 2022. This is especially true given the recent developments related to the Covid-19 pandemic. If the Omicron type causes too much confusion, supply chain bottlenecks may worsen. Making it more difficult for builders to procure the materials needed to build new properties. While it is impossible to say the average price of a newly built property in 2022, it is possible to predict its price increase reasonably. On the other hand, interest rates are likely to rise soon. That's why getting a…