State Statistical Office: Construction costs indices for new residential buildings, second quarter of 2011

Theme: Prices

Construction costs indices for new residential buildings, second quarter of 2011

31.08.2011

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 enterprises, which refer to the movement of construction costs in calculations when entering a construction contract.

According to the State Statistical Office data, in the second quarter of 2011, the construction costs for new residential buildings increased by 1.0% in comparison with the second quarter of 2010.

In the second quarter of 2011, in comparison with the first quarter of 2011, the construction costs for new residential buildings increased by 1.4%, the material costs were on the same level and the labour costs increased by 4.8%.

In the second quarter of 2011, in comparison with the second quarter of 2010, the construction costs for new residential buildings increased by 1.0%, the material costs increased by 0.3% and the labour costs increased by 2.5%.

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