"Developer Michael O'Flynn stated that there is 'huge concern' in the construction industry regarding potential inflated prices on supplies due to the global turmoil caused by the war."
"The decision to pause signing new fixed contracts reflects the uncertainty in the market, as companies are wary of committing to large projects without a clear resolution to the conflict."
A major Irish home-builder has halted new fixed contracts for housing developments amid uncertainty regarding the Middle East conflict. Developer Michael O'Flynn expressed significant concern within the construction industry about potential price inflation for supplies. The ongoing war has created a climate of instability, prompting companies to reassess their commitments to large projects until a clearer timeline for resolution emerges.
#middle-east-conflict #construction-industry #housing-development #supply-chain-issues #economic-impact
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