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 costs indices for new residential buildings are construction companies, which refer to the movement of construction costs in calculations when entering a construction contract.
In the fourth quarter of 2018, in comparison with the third quarter of 2018, the construction costs for new residential buildings increased by 0.3%, the material costs decreased by 0.2%, and the labour costs increased by 1.6%.
In the fourth quarter of 2018, in comparison with fourth quarter of 2017, the construction costs for new residential buildings increased by 5.9%, the material costs increased by 3.2% and the labour costs increased by 13.0%.
