Xella boss Clemente on building costs and lack of housing | EUROtoday

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Mr Clemente, the development trade is in a deep hunch. You produce Ytong bricks and different constructing blocks for homes. When will issues get higher?

Across Europe, the development trade skilled one in every of its worst crises in 2023. But this can be a cyclical disaster, not a structural one. In Germany and a few components of Western Europe, issues are nonetheless going downhill barely, and in Eastern Europe we’re already seeing the beginnings of a restoration. But what’s much more essential is that there’s a big scarcity of housing in virtually all of our markets. The demand for brand new homes is increased than ever earlier than. We must construct extra, there’s a scarcity of housing throughout Europe. People want enough housing – that’s our largest problem. And not simply in Germany.