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October 20, 2021

Building materials get cheaper

The market of building materials might keep declining in 2011 as well, for the third year in a row, in the absence of important infrastructure projects and private investments, ‘Evenimentul Zilei’ reports. However, the president of the Construction Materials Producers’ Association (APMCR) Claudiu Georgescu claims the 1.5-2.5 pc decline will be much under the 15 pc drop reported in 2009. Only 18,674 housing units were completed in H1 of 2010, 4,827 less than a year ago. Last year, the sector dropped by as much as 28 pc against 2008. Georgescu did not want to elaborate on the evolution of prices, only saying that they are now 10 pc under 2008’s level. Prices went slightly up in the spring of both 2009 and 2010, and this year they also reflected the impact of the VAT hike.

According to the APMCR official, the market of construction materials was mainly driven by repairs (mostly DIY), while investments in new buildings and infrastructure works were low.

The cement output continued its decline, from 6.4 million tons in the first nine months of 2009 to almost 5.6 million tons in 2010.

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