Not just price increases: the problems that have intensified in the field of renovations
The rise in the price of raw materials and maritime transport and delays in imports are raising prices in the world of construction.
How does this affect the consumer, are there more renovations than buying an apartment and how does all this relate to the conflict between Russia and Ukraine?
Walla!
Real Estate
15/02/2022
Tuesday, 15 February 2022, 09:47 Updated: 10:30
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Israelis are feeling the price increases in every area - from fast food, through clothing and entertainment to heavier purchases.
For example, real estate. But what does the overall meaning, in fact, and not just in terms of price?
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It's enough that someone is sick in Corona - and everything is delayed (Photo: ShutterStock)
"Prices are starting to feel the rise in the world of renovations as well," says interior designer Oron Milstein. A chain that can be interrupted because of an installer who snatched a corona and everything can be delayed.
This is a time when we do things, but there are a lot of things that are out of our control.
You need to take a time and work interval that is greater than what we knew, even if you only started, close as many things as possible and reserve as much as possible in advance to avoid all the obstacles we can avoid. In the past times were fixed, today Another delay. What to do if a person is sick in Corona? "
Those who want to renovate - will also renovate at these prices.
Design by Oron Milstein (Photo: Elad Gonen)
"Prices in the construction industry have risen significantly, an increase of at least 30 percent. We are seeing more renovations of existing houses than demolition and reconstruction, trying to preserve the existing one," says architect Boaz Snir. "Growing up in the licensing world. Today it takes longer to get a license than to build one. So there is more and more search for immediate solutions that cost less money and take less time."
Snir explains that following the rise of raw materials, the construction industry has begun to use local alternatives to save the issue of importing from abroad, which has become very expensive. A container from China that cost $ 3,000 before the corona now costs $ 14,000. Use of basalt from the Golan Heights, use of local limestone, use of stones from Turkey or Egypt that are closer to Israel. "
Using local alternatives.
Architect Boaz Snir (Photo: Valery Zoiz)
And there are those who continue to import, the price is less than a year.
Imports from Italy by Elita Living (Photo: Yachz)
"The real estate industry and the products industry are relatively marginally affected by the price increase for a very simple reason - demand is tough and customers' flexibility is relatively low," says Eyal Shiman, CEO and co-owner of Laminam Israel. Apartment or remodel is already in the process.
Therefore, if the construction input index rises and the construction products and ancillary products rise, there is no doubt that this creates a problem that was not observed by the customers in the first place, but it is a reality that will not affect the very existence of the purchase or renovation. "
Porcelain is a gas and when the gas goes up the prices go up.
Laminam's kitchen (Photo: Yachz)
Shiman reiterates what most of you know: the price the contractor has given you is not the final price.
"All of this brings us back to the same well-known saying that you go into renovating an apartment in a certain status and finish it between 20-50 percent more than estimates. It is canary even now. We are affected by the global global situation, between what happens between Russia and Ukraine." Porcelain production is a gas that has risen in price by 400 percent in the last year, which has dramatically affected the market. However, customers are in the process of purchasing and this is not what will stop them from continuing. others".
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