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Construction costs up in Estonia


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Construction costs in Estonia rose slightly over the first quarter of this year, newly-released figures show.

A report from Statistics Estonia reveals that the country's construction price index rose by 3.6 per cent over the first quarter and that it was up by 15.6 per cent compared to the same period of last year.

Rising labour costs were behind the increase, the office of statistics said. They were up by 6.1 per cent from the previous quarter and by 17.3 per cent year-on-year.

Building machinery costs increased by 1.8 per cent and the price of building materials was up by 2.3 per cent during the quarter. Year-on-year, these components increased by 5.4 per cent and 6.1 per cent respectively.

Indices for detached houses and industrial buildings and office buildings were up by 3.6 per cent and by 15.5 per cent, 15.9 per cent and 15.5 per cent over the year respectively.

For blocks of flats, the index rose by 3.5 per cent over quarter, up from 15.3 per cent a year ago.

track© Adfero Ltd

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