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Theme: Prices

 




Construction cost indices for new residential buildings, fourth quarter of 2023

28.02.2024


The construction cost 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.
In the fourth quarter of 2023, compared to the third quarter of 2023, the construction costs for new residential buildings increased by
3.2%, the material costs decreased by 1.5%, while the labour costs increased by 11.2%.
In the fourth quarter of 2023, in comparison with the fourth quarter of 2022, the construction costs for new residential buildings
increased by 5.4%, the material costs decreased by 6.4%, and the labour costs increased by 29.8%.






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