Economy category powered by

Prices in construction rose 11.3% in 2022 y-o-y

08:12 - 07 April 2023

Economy Reporter

Prices in Construction recorded a significant annual increase of 11.3% in 2022, with CyStat data showing that there was an 11.8% increase in the buildings index and 9.6% rise in index for civil engineering projects compared with 2021.

The Output Prices Index in Construction for the fourth quarter of 2022 was 134.71 units (base year 2015=100.00), recording an increase of 4.0% over the third quarter of 2022 and 11.1% increase compared to the same quarter of the previous year.

By type of project, an increase of 9.1% was observed for buildings and of 18.1% for civil engineering projects in the fourth quarter of 2022 compared to the corresponding quarter of 2021.

For the period January-December 2022, the overall index registered an increase of 11.3% over the corresponding period of 2021.

News Feed

Read More

President speaks of "historic day" as Cabinet greenlights right to vote from 17
Alphamega Hypermarkets expands its presence with new store in Mandria, Paphos
Projects worth over €12m planned for Oroklini
Trump says he is open to Musk buying TikTok if Tesla CEO wants to do so
3rd Cyprus Architecture, Interior Design and Property Awards open call continues until 7 February
Successful Green Line Trade Week continuing, organisers say
EU Council approves amendments to Cypriot Recovery and Resilience Plan
Cypriot MEP Hadjipantela and Egypt's FM discuss EU macro-financial assistance
US air force assessment team to visit Cyprus this week, Spokesperson says
Electric Vehicles double Cyprus market share to 4% in 2024, European Commission highlights