Real Estate category powered by

Construction material prices drop for first time in 33 months

The Index of Construction Materials in September recorded a small monthly decrease of 0.33% in September, marking its first annual reduction in almost three years CySTAT said.

The Price Index of Construction Materials for September 2023 reached 134.47 units (base year 2015=100), recording a decrease of 0.33% compared to the previous month.

Compared to the same month of the previous year, the index recorded a marginal decrease of 0.06%. This was the first annual reduction since November 2020.

By main commodity category, increases were recorded in minerals with 14.19%, mineral products with 6.51% and products of wood, insulation materials, chemicals and plastics rose by 0.75%.

According to Cystat, metallic products declined by 9.30% and electromechanical products by 0.09%.

For the period January-September 2023, the index recorded an increase of 3.88% compared to the corresponding period of 2022.

The Price Index of Construction Materials shows the evolution of the cost of construction materials incurred by the contractor.

Read More

THEMIS: Online auction featuring residential and agricultural land plots with reserve prices starting from €11,300
The Landmark Nicosia Towers: A look at the unique architectural marvel in the heart of the capital
Akamas Bay Villas hailed as “Cyprus’ Best” at International Property Awards
Real estate investment opportunities by AstroBank
This is what the Landmark Nicosia, Marriott Autograph Collection, will look like
Belle Air Niche Villas: A €40m project for healthy, active living
RICS Cyprus Property Price Index with KPMG in Cyprus shows increasing signs of stabilisation
Proper Property announces launch of Tenant Credit Check Tool
Cyprus hosts general assembly of World Council of Civil Engineers
Investment opportunities by AstroBank