Where can the construction cost index be viewed?
It is updated on a quarterly basis, thus providing a very reliable information about current prices and construction costs. In addition, the construction cost index keeps the price development of recent years, which gives an impression of the expected cost changes. If prices are to rise rapidly, it should no longer be maintained with the construction of a property.
What is the difference between the construction cost index and the construction price index?
The construction price index is a value that indicates the change in the actual prices, the percentage that the developer has to pay more or less for the construction work compared to the previous year.
The construction cost index, on the other hand, indicates how the cost bases have changed, eg. material costs.
How will construction costs develop according to the index?
The construction costs in rose again this year by 2.4%. One reason for this is high property prices and inflation; prices for land and labor are clearly below the average.
How will the construction travels develop?
The construction costs have developed parallel to the construction costs; they have also risen by more than 10%, compared with the previous year by only 1.8%. The rise in the price of construction work is particularly pronounced.
Where should the building cost index be considered?
The planning of a property can be more than a year depending on size and equipment. During this time, as the current trend shows, prices can change quickly. The price increase should therefore be taken into account when planning the financing in the form of a mark-up, since further construction can be completed by the time the building is completed. With the current upward trend, the cost difference can be significant.