Construction Costs for New Housing Continue Climb

8 March 2019

Construction costs for new housing increased by 2% in January, year-on-year, while falling by 0.7% since the previous month, the National Statistics Institute (INE) announced in its New Housing Construction Cost Index (ICCHN).

Labour costs led the increase, rising by 3.4% compared to January 2018, while the price of materials increased by 1%.

Original Story: Diário Imobiliário / Lusa

Summary / Translation: Richard Turner