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Management team foreword
We measure success by our financial results, our operational performance and most importantly by our ability to improve access to high-quality housing and care.
A new season
In 2023, we navigated a challenging economic environment characterised by several sector-wide issues, including rising construction costs, the pressures of an aging population, limited investment volume and difficulties finding suitable new
Market developments
By early 2022, the economy had hardly recovered from the COVID-19 pandemic when the war in Ukraine increased uncertainty in the world.
Market developments
Since the end of the Covid-19 pandemic in late 2021 and the start of the war in Ukraine in early 2022, the inflation rate has increased significantly, exceeding 10.0% in the second half of 2022.
Market developments
The inflation rate remained higher than expected and reached 3.9% in 2024 (CBS, 2025). Inflation is expected to be 2.4% in 2025 (Oxford Economics, 2024).
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