Home Property Statistics Construction material prices escalating

Construction material prices escalating

rebar used in construction

The Price Index of Construction Materials recorded a significant annual increase of 13.6% in July, reaching 114.46 according to the Cyprus Statistical Service (CYSTAT).

Compared to July 2020, increases were noted in:

  • Metallic products (+29.61%)
  • Wood, insulation materials, chemicals and plastics (+12.30%)
  • Electromechanical products (+10.38%)
  • Minerals (+2.56%)
  • Mineral products (+1.14%)

As we reported earlier this month, construction costs have skyrocketed, with the recent hike in the price of diesel further exacerbating the situation.

Further reading

Press release: Price Index of Construction Materials: July 2021

Exit mobile version