Wave of bankruptcies continues to have a tight grip on the construction industry: 30 bankruptcies in one week. Common reasons for the bankruptcies: Common reasons in the real estate industry: “Significant burdens’.
As of: April 5, 2024, 11:37 a.m By: Amy Walker CommentsPressSplit The construction and real estate sector is groaning under interest rates, construction costs and a massive drop in the number of orders. In the first week of April, over 30 insolvency proceedings were opened in the industry. The list is complete - but it clearly shows how urgently beleaguered construction industry needs a new signal.