The real estate sector faces some challenges due to the new Housing Law such as interest rates, rising construction costs and land shortages.
After a historic 2022, an adjustment is seen in the last quarter due to the war in Ukraine, rising rates and inflation, affecting financing and legal certainty. Trends for 2023 indicate stability in transactions and prices, but the shortage of supply is the main problem, requiring public-private collaboration.
In new construction and rental, the new Housing Law complicates the situation, increasing the prudence of funds and highlighting the need to align visions and develop needed housing through collaboration.
The shortage of land creates uncertainty in first home projects, while the industry seeks solutions through flexible models and collaboration to attract capital and overcome bottlenecks in the industry.