Cyprus Property News for home buyers & real estate investors in Cyprus

3rd December 2021
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HomeProperty NewsConstruction material prices up

Construction material prices up

ACCORDING to figures released by the Cyprus Statistical Service, CYSTAT, the price of construction materials during the 12 months ending May 2008 increased by 12.25%. The highest increase was recorded in petroleum products, where prices soared by a massive 37.65%.

Increases in other commodities prices were:

Wood 2.92%

Stone and quarrying materials 9.45%

Paints, enamels and varnishes 3.06%

Plastic products 2.78%

Chemical products 4.48%

Wooden products, blinds and shades 7.29%

Non-metallic products 8.10%

Iron and steel 16.96%

Other metals (copper pipes) 3.00%

Metallurgy products 8.34%

Industrial appliances -0.56%

Electrical goods for installation 3.10%

Sanitary ware, central heating and swimming pool equipment 1.60%

The Price Index of Construction Materials for May 2008 reached 155.26 units (base year 2000=100.00) recording an increase of 1.89% over the previous month.

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