Annual Report 2022

The unsettled global situation is generating uncertainty in the market. Increased costs mean that decision-making processes take longer and market players act with a different degree of caution than before. However, the need for balconies has not come to a halt. Since the pandemic, interest in balconies has steadily increased as the population continues to rise. This creates a need for renovating and installing new balconies on existing properties, as well as for new properties with balconies.

A sustainable society with responsibly produced products is a given in the expectations of today’s consumers. The ongoing energy crisis has accelerated the global trend towards reduced energy consumption and thus a lower environmental impact. For property owners, energy and environmental issues are therefore important, as proper management helps ensure lower costs and less of a negative environmental impact.

After the coronavirus pandemic, balconies have gained in popularity and are now among the most important attributes when people are looking for an apartment. Balconies offer residents the opportunity to spend time outdoors in close proximity to their home, which is valuable for those who live in an urban environment, work from home and have no garden. A glazed balcony prolongs use by maintaining a comfortable temperature for a longer period of the year, while reducing energy consumption. People spending more time on their glazed balconies ensures better monitoring of the area, thus increasing security.

As requirements regarding appearance increase when new balconies are installed on existing buildings, design is playing an increasingly important role. New regulations aimed at preserving the character and cultural heritage of buildings risk extending building permit processes for different designs, especially for inner-city balconies. A balcony with the right design can therefore help ensure the process runs more smoothly and improve the exterior of the property, while making the residential area more attractive and improving quality of life for the residents of the apartment.

In the major cities, there is currently a greater need for efficiency when constructing new apartments. As the population grows, cities also become more densely populated. More buildings are being built with several floors because of the shortage and high cost of land. This also means a lack of space during construction itself, and different contractors have to work together to be able to work efficiently and safely in a compressed area.