Will construction prices normalize again
The entire industry is currently discussing this.
A lot of projects are being shelved. Combined with the "high" interest rates, many projects are no longer profitable. Institutional investors are increasingly financing purely with equity and are waiting. Buyers are backing out - despite signed contracts. General contractors offer daily prices. Landowners have to accept losses because projects no longer fly with the high land prices. Construction companies fear short-time work for the second half-year. The whole industry is currently "staggering" a bit.
If construction prices do not come down again, there will be problems everywhere. But why should they do so at the moment? Raw materials are expensive, energy is expensive. Unions demand (and receive) high wage agreements. As long as China's zero-Covid strategy with lockdowns continues, European raw material supply including energy is disturbed and not reorganized, and the war is ongoing, nothing will happen for now. 2022 is lost.
For 2023, it may look different again.