The construction costs indices for new residential buildings are intended for reviewing or monitoring costs incurred by construction
companies 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 first quarter of 2024, in comparison with the fourth quarter of 2023, the construction costs for new residential buildings decreased
by 8.5%, the material costs by 7.8% and the labour costs by 9.8%.
In the first quarter of 2024, in comparison with first quarter of 2023, the construction costs for new residential buildings decreased by
5.2%, the material costs decreased by 11.6% and the labour costs increased by 12.0%.