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 second quarter of 2024, compared to the first quarter of 2024, the construction costs for new residential buildings decreased by 0.1%, the material costs by 0.7%, while the labour costs increased by 1.2%.
In the second quarter of 2024, in comparison with the second quarter of 2023, the construction costs for new residential buildings decreased by 6.8%, the material costs decreased by 11.8%, and the labour costs increased by 5.8%.
