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Construction sector is shrinking in 2024 but will recover for next two years; ABN Amro

The construction sector is going to shrink for the second year in a row this year but will grow again in 2025 before increasing more significantly in 2026. Construction companies have struggled with high interest rates, full power grids, limited nitrogen space, an increase in construction costs, and staff shortages. But there is a need for new homes, and the …

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Home sales to keep falling next year due to slow new construction: ABN Amro

The construction of new homes is becoming increasingly difficult due to unfavorable market conditions, ABN Amro wrote in a report on the construction sector. According to the bank, rising interest rates, higher sustainability and quality requirements, and difficult permits due to the nitrogen issue are causing headwinds. ABN Amro concludes that “delivering energy-efficient and affordable new construction is a tough …

ABN Amro admits that it's "against the zeitgeist" that the chairman of the supervisory board Tom de Swaan invests privately through a tax haven. The bank emphasizes that the financial construction "is not in conflict with the law" but calls it unfortunate that ABN Amro is now associated with tax havens via the chairman of the supervisory board. De Swaan …