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Lithuania Construction Industry Analysis
The construction industry in Lithuania has been showing signs of growth in recent years, driven by an improving economy and a growing population. However, the industry has also been facing some challenges that could impact its future growth.
One major challenge facing the construction industry in Lithuania has been the lack of affordable housing. The high cost of living in Lithuania, combined with a lack of government intervention to address the housing crisis, has led to a shortage of affordable housing. This is driving up housing prices and making it increasingly difficult for low- and middle-income families to afford a home.
Another challenge facing the construction industry in Lithuania is the shortage of available land. The limited amount of land available for development, coupled with the high cost of land, has made it difficult to build new homes and infrastructure. This has led to a slowdown in the construction industry, as private sector investment has not been able to fill the gap.
In addition to these challenges, the construction industry in Lithuania has been impacted by the COVID-19 pandemic. The pandemic has led to a slowdown in the economy, which has reduced demand for new homes and infrastructure.
Despite these challenges, the outlook for the construction industry in Lithuania is generally positive. The government has announced plans to build more affordable
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