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The construction price index expresses the change in the cost of construction taking into consideration the price changes of basic inputs. These are divided into three main groups: labour, building materials and building machines. The calculation of the construction price index covers four groups of buildings: detached houses, blocks of flats, industrial buildings and office buildings. Price information is collected by a sample survey covering construction, rental and wholesale companies and retail enterprises in ten cities. The construction price index is published quarterly.
Higher cost of materials had the biggest impact on the rise in construction prices last year
Kuupäev 23.01.2024
Article
According to Statistics Estonia, in 2023, the construction price index increased by 6.1% compared with the average of 2022. In the fourth quarter of last year, the construction price index increased by 0.9% compared with the third quarter. The index increased by 2.2% compared with the fourth quarter of 2022.
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The rise in construction prices in the first quarter was held back by lower costs for materials and machinery
Kuupäev 23.04.2024
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According to Statistics Estonia, in the first quarter of 2024, the construction price index increased by 0.2% compared with the fourth quarter of 2023 and by 0.9% compared with the first quarter of last year.
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Rise of the construction price index was driven by wage pressure and higher prices of materials
Kuupäev 20.01.2020
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According to Statistics Estonia, in 2019, the construction price index increased by 1.9% compared to the average of 2018. In the 4th quarter of 2019, compared to the 3rd quarter, the construction price index changed by 0.5%, and compared to the 4th quarter of 2018, by 1.7%.