Problems in the construction industry could affect the operation of property developers. For flat buyers, this means increases. Rising housing prices may be a consequence of what is currently happening in the construction sector.
Most companies operating in this sector of the economy struggle with liquidity. Lack of employees, more expensive building materials and debts are the most common problems leading to bankruptcy. It is increasingly clear that developers are also struggling with the difficulties and are unable to fulfill contracts concluded, for example, 2 years ago. This results in bankruptcy declarations, which is felt most painfully by apartment buyers, as the vice-president of PMR says. Restructuring Maciej Roch Pietrzak.
Data from the first half of this year collected by Coface shows that the number of cases in which a developer announces its bankruptcy increased by 18 percent, and the payment flow time is even a month longer than last year. Thus, the delays in settling bills amount to about 116 days.
As the expert emphasizes, the situation is most dangerous for small businesses, which are more difficult to protect against such complications, and above all to predict them. Meanwhile, taking appropriate actions at the right time is crucial to maintaining security. In some cases, for example, submitting to court supervision may be the only solution allowing for continued business activity and protection against long-term debt.
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