Construction costs rose 117.07 percent on-year in October

The Turkish Statistical Institute published the construction cost index data for October.

Thus, in October, construction costs increased 117.07 percent annually and 3.44 percent monthly. While the materials index increased 3.88 percent and the labor index increased 1.94 percent compared with the previous month, the rate of increase was 128.41 percent in the materials index. and 85.65 percent in the labor index compared to the same month of the previous year.

THE COST OF CONSTRUCTION OF BUILDINGS INCREASED 114.49 PERCENT ANNUALLY

The building construction cost index increased 3.11 percent from the previous month and increased 114.49 percent from the same month a year earlier. Compared with the previous month, the materials index increased 3.49 percent and the labor index increased 1.91 percent, while the rate of increase in the same month of the previous year was recorded at 125.08 percent. percent in the index of materials and 85.84 percent in labor. index.

The construction cost index for non-building structures increased 4.48 percent with respect to the previous month and 125.83 percent with respect to the same month of the previous year.