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Theme:
Prices
Construction cost indices for new residential buildings, first quarter of 2016
03.06.2016
The construction costs indices for new residential buildings are intended for reviewing or monitoring costs incurred by a
construction company in the execution of the construction process of building new residential buildings. The main users of
construction cost indices for new residential buildings are construction companies, which refer to the movement of construction
costs in calculations when entering a construction contract.
According to the State Statistical Office data, in the first quarter of 2016, the construction costs for new residential buildings
decreased by 4.2% in comparison with the first quarter of 2015.
In the first quarter of 2016, compared to the fourth quarter of 2015, the construction costs for new residential buildings decreased
by 4.4%, the material costs by 5.1%, and the labour costs by 2.5%.
In the first quarter of 2016, in comparison with the first quarter of 2015, the construction costs for new residential buildings
decreased by 4.2%, the material costs decreased by 8.2%, whereas the labour costs increased by 7.2%.
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