Dr. Wulff Aengevelt, Aengevelt Immobilien
“The economic environment has become difficult enough for property developers due to the global crises, the development of the interest rate landscape and real estate prices. Now there is also the shortage of skilled workers, which has been predicted for years, and which is hitting the construction trade particularly hard. Forward-looking planning with crisis-adequate deadline and liquidity buffers can be a measure against the risk of insolvency. Large portfolio holders are already taking precautions by increasingly setting up their own craft businesses in order to become more independent of the market on their own responsibility. However, this solution would be much more difficult for developers and developers to implement due to the higher volatility of their business.”
Expert comment from the article: “Aengevelt: Shortage of craftsmen growing risk for property developers.”
