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 first quarter of 2021, compared to the fourth quarter of 2020, the construction costs for new residential buildings increased by 2.4% and the material costs by 4.6%, while the labour costs decreased by 1.7%.
In the first quarter of 2021, in comparison with the first quarter of 2020, the construction costs for new residential buildings increased by 5.1%, the material costs by 4.5% and the labour costs by 6.5%.
