Wednesday, June 06, 2012

Imported materials used in construction: do they influence?


As we have analyzed on other occasions, the construction business has decreased its number of constructions. Some of the reasons for this are the economic uncertainty the country is going through and the difficulty in getting dollar bills. In addition, there is another issue which is the restriction over imports in the country.
Due to the measures imposed by the government which restrict imports, there has been a shortage (and lack) of many articles and materials necessary for the construction of new buildings and houses.
The ones that have suffered most are the VIP constructions, i.e.  the most exclusive ones. These types of constructions require special materials that you cannot get in the country, which means they need to be brought from other places. According to a consultant from Abeceb.com, “the population in possession of a higher purchasing power is the one that keeps the construction business moving, and at the same time, it is the one that demands a higher amount of imported materials when referring to the constructions of houses.”
In order to show the situation the country is going throw, here is an example: many contracts (used to finance constructions) specify on their clauses that some of the condition will be met only if the government allows the import of the necessary materials (when referring to the type and TRADE of the products).
So, as you can see, it is a fact: the restriction over the import of construction material influences directly on the business, and the specialists are on the alert, in order to see how the situation continues, so as to prevent problems in advance.