Construction cost increased 105.73 percent in one year

Turkey Statistical Institute (TÜİK) announced the construction cost index data for May. Accordingly, in May 2022, the construction cost index increased by 3.97 percent compared to the previous month and by 105.73 percent compared to the same month of the previous year. Compared to the previous month, the material index increased by 4.97 percent and the labor index increased by 0.18 percent. In addition, the material index increased by 130.73 percent and the workmanship index increased by 44.06 percent compared to the same month of the previous year.

Building construction cost index increased by 102.32 percent annually and 3.84 percent monthly.

Building construction cost index increased by 3.84 percent compared to the previous month and increased by 102.32 percent compared to the same month of the previous year. Compared to the previous month, the material index increased by 4.88 percent and the labor index increased by 0.06 percent. In addition, the material index increased by 126.55 percent and the labor index increased by 43.98 percent compared to the same month of the previous year.

Construction cost index for non-building structures increased by 117.40 percent annually and 4.37 percent monthly

Construction cost index for non-building structures increased by 4.37 percent compared to the previous month and increased by 117.40 percent compared to the same month of the previous year. Compared to the previous month, the material index increased by 5.23 percent and the labor index increased by 0.64 percent. In addition, the material index increased by 144.66% and the labor index increased by 44.34 percent compared to the same month of the previous year.