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Crisis in the construction industry: single-family home has already become 10,000 euros more expensive in three months


“It is not because the materials become 20% more expensive that a new building will also become 20% more expensive. But then customers, contractors and architects must dare to think outside the box,” says Jean-Pierre Liebaert of the Construction Confederation. © BELGA

Global prices for building materials are reaching record highs, with major consequences for construction and renovation projects. Real estate developers and contractors are trying to decide among themselves how best to absorb the increases. But without passing on to the customer, loss projects seem inevitable.

Jonas van Boxel

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