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

Balram Chainrai increases stake in the Rodon Hotel to over 35%
Cyprus flag promoted at Advisory Committee of Competitiveness meeting
Hellenic Caucus initiative for permanent lift on US arms embargo on Cyprus
EnergyIntel undertakes solar project at Ayia Napa Marina
Eurofast joins forces at Trilateral Business Forum in Cairo
Cyprus-registered Trading 212 onboarding new clients in Germany
CEO George Ioannou's 5-year plan for Korantina Homes and Cap St George's Hotel & Resort
UW Group appoints Vassilios Demetriades as Chief Strategy Officer
UN Under SG DiCarlo expected to visit Athens, Nicosia and Ankara in mid-February
Eurostat: Greenhouse gas emission intensity in Cyprus have decreased