In the current situation, residential developers in Cantabria are calling on the local administration to take urgent measures to avoid an «imminent» shortage of building materials and «collapse» of the activities of these companies and construction in the region.
Observing the rapidly approaching «emergency situation», Association of Real Estate Developers and Promoters (ACP) in Cantabria contacted the Spanish Association of Real Estate Developers and Promoters (APCE), as well as the National Confederation of Construction (CNC).
The main goal is the urgent need to take «radical measures». As stated in the statement of ACP Cantabria, urgent actions are needed to prevent this «collapse of the housing construction sector» in the region, to solve the problem with the upcoming shortage of building materials.
If the problem is not solved, this will lead to a situation where developers will somehow have to explain why buyers who paid 250,000 euros for housing today will have to pay 340,000 euros for the same object in two years.
Promoters fear that due to the «imminent» shortage of materials, they will have to temporarily suspend work in all areas of their activities.
Chain reaction
Developers warn that in the current situation, the suspension of the activities of market suppliers will lead to a «chain reaction» that will inevitably affect the work of developers themselves and other companies. In turn, this will lead to a number of large layoffs, a series of bankruptcies of various enterprises, disruptions in the delivery of properties to the market.