(ANSA) – ROME, JUN 14 – Investments in construction are up by 6.5% in 2022 and 6.4% in 2023, after + 21.4% in 2021, according to forecasts by Cresme Ricerche, which sees “a great, perhaps excessive phase of growth” in a context with “heavy risks”, from the price increases of raw materials and energy to interest rates and spreads.
In 2023 the sector is expected to return close to the 2007 peak, “a level that anyone working in construction thought could no longer be reached”, underlines the director of Cresme, Lorenzo Bellicini, illustrating the data from the XXXII Cresme Economic and Forecast Report.
The market is then expected to stabilize in 2024 but with the engine of public works that will continue and an “important” space for redevelopment even when incentives are reduced. In addition, the house is “back in fashion” with the pandemic and even young people, thanks to more affordable mortgages, are evaluating the purchase more often.
“The market is showing itself as positive as it hasn’t happened for a long time. At the same time we are a bit worried because the climb was steep and we have a slowdown in front of us after which we will have to understand what happens”, says Bellicini anticipating that ” recession should arrive in the autumn, the picture could very quickly become very difficult “. (HANDLE).
Source: Ansa
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