Construction costs rose by 10.51% in 2021 compared to year before

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Construction costs rose by 10.51% in 2021...
 © In-Cyprus 2022
The soaring price of building materials has sent the cost of construction to skyrocket to new highs and Cyprus’ relevant sector is ringing alarm bells, according to Philenews.

Construction costs increased by 10.51% in 2021 compared to 2020, and the outcome is that property prices are maintained at high levels.

For the period of January-December 2021, the price index recorded an increase of 10.98% compared to the corresponding period of 2020.

The 2021 data provided on Wednesday by the Statistical Service also show that the price index of construction materials for the month of December 2021 rose...


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Article automatically added to our system on Thursday, January 20, 2022

Construction costs rose by 10.51% in 2021 compared to year before


Contents of this article including associated images are © In-Cyprus 2022
Views & opinions expressed are those of the author and/or In-Cyprus .

Article Tags: #construction   #costs   #compared   #before  


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