The second half of 2022 was characterised by high inflation, interest rates, oil and gas prices and uncertainties.
At the same time, more emphasis has been placed on sustainability in the built environment than ever, as nations worldwide pledge to achieve net zero carbon emissions by 2050. Tender price movements in 2023 are expected to remain comparable to the preceding year, on the back of high construction material prices and labour costs, for 5 of 7 cities covered in this report.
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