Yesterday, Director of Construction and Development, and CEO of Real Estate, Denise Xuereb, shared valuable insights on rising construction costs. Beyond raw material prices, workforce and administrative expenses, higher buyer demands for quality, and the expertise of architects and consultants all contribute to the overall costs. 🌟 For more details, check out the post below. 👇
Yesterday, our Director of Construction and Development, and CEO of Real Estate, Denise Xuereb, provided insights into the complexities behind rising construction costs. She explained that beyond raw material prices, there are several factors at play. Workforce, administrative and unnecessary bureaucratic costs are a reality when it comes to rising costs. Ms. Xuereb also pointed out that modern building practices and higher buyer demands mean higher quality and standards, which drive up costs, which in turn leads to higher quality standards and better value. Plus, the specialised skills and expertise of architects and consultants further add to the overall expenses. AX Group | Malta Development Association #AXConstruction #ConstructionIndustry
