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 2021, in comparison with the third quarter of 2021, the construction costs for new residential buildings increased by 2.3%, the material costs by 2.1% and the labour costs decreased by 2.8%.
In the fourth quarter of 2021, in comparison with the fourth quarter of 2020, the construction costs for new residential buildings increased by 17.9%, the material costs by 23.0% and the labour costs by 8.1%.
