Post by account_disabled on Mar 12, 2024 0:32:51 GMT -5
The National Association of Ceramic and Construction Materials Distributors (Andimac) estimates that home renovation activity will fall by 6.2% in 2023, after growing by 3.2% last year. These data, which are part of its 360 Observatory, also show that the market value will reduce by 7.6%, after registering a growth of 11.6% in 2022.
The employers' association thus worsens its forecasts for the reform sector , since at the end of last year, the drop for this year did not reach 3%. This is mainly due to the growing decline in domestic consumption, especially durable consumption, as well as the increases in interest rates, which slow down the purchase and sale of housing.
The employers' association also points out that Cambodia Telegram Number Data this forecast is due to the fact that building rehabilitation related to European funds will not take off this year either .
However, Andimac admits that there is also a base effect marked by two years (2021 and 2022) of very intense activity in reforms, which also puts downward pressure. In this scenario, the employers' association estimates that this year 1.7 million homes will undergo a medium renovation and that the average expense per home will be around 850 euros.
According to a study that the employers' association has commissioned from the consulting firm Arthursen , the rehabilitation activity will remain stable compared to 2022, waiting for this activity linked to the 'Next Generation EU Funds' to be promoted towards the end of this year and in 2024.
For the employers' association, " Spain is faced with an opportunity to clearly improve the quality of the built stock in terms of benefits . And for this it is important that the sector is able to transmit to users a comprehensive vision of these improvements that, in addition to reduce energy consumption, improve the quality of life within the home".
For this reason, and with the aim of creating a culture of reform among families and small communities of owners, in a favorable context thanks to the funds from the Recovery, Transformation and Resilience Plan, the employers want to promote the figure of energy rehabilitation advisors from the professional channel, who could also contribute to "scare away" the threats that loom for the execution of European funds.
Likewise, Andimac warns of the limitations of the current regulatory framework for rehabilitation aid . Among them, the enormous dispersion of the same, as well as the failure to update their estimated intensity levels to the real costs of the materials in 2023.
The employers' association thus worsens its forecasts for the reform sector , since at the end of last year, the drop for this year did not reach 3%. This is mainly due to the growing decline in domestic consumption, especially durable consumption, as well as the increases in interest rates, which slow down the purchase and sale of housing.
The employers' association also points out that Cambodia Telegram Number Data this forecast is due to the fact that building rehabilitation related to European funds will not take off this year either .
However, Andimac admits that there is also a base effect marked by two years (2021 and 2022) of very intense activity in reforms, which also puts downward pressure. In this scenario, the employers' association estimates that this year 1.7 million homes will undergo a medium renovation and that the average expense per home will be around 850 euros.
According to a study that the employers' association has commissioned from the consulting firm Arthursen , the rehabilitation activity will remain stable compared to 2022, waiting for this activity linked to the 'Next Generation EU Funds' to be promoted towards the end of this year and in 2024.
For the employers' association, " Spain is faced with an opportunity to clearly improve the quality of the built stock in terms of benefits . And for this it is important that the sector is able to transmit to users a comprehensive vision of these improvements that, in addition to reduce energy consumption, improve the quality of life within the home".
For this reason, and with the aim of creating a culture of reform among families and small communities of owners, in a favorable context thanks to the funds from the Recovery, Transformation and Resilience Plan, the employers want to promote the figure of energy rehabilitation advisors from the professional channel, who could also contribute to "scare away" the threats that loom for the execution of European funds.
Likewise, Andimac warns of the limitations of the current regulatory framework for rehabilitation aid . Among them, the enormous dispersion of the same, as well as the failure to update their estimated intensity levels to the real costs of the materials in 2023.