- Cyprus Property News Magazine - http://www.news.cyprus-property-buyers.com -

Construction Cost up 3.9%

According to the Cyprus Statistical Service (CYSTAT) data released on Friday, the Building Material Price Index in November 2006 recorded an increase of 3.9% to 133.68 points against 128.65 points in the corresponding month of 2005.

The higher increase was observed in the price of electro-mechanical products (+5.1%) and the industrial products (+4.8%). Also, the price of timber, stones and quarries and the chemical products showed an increase of 3.2% and 1.8% respectively.

On the other hand, the price of oil products fell by 3%.

In January-November 2006, the Building Material Price Index surged 5.04% compared to the corresponding period of 2005.

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