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Construction Costs increased by 1.17% in November compared to the previous month

Turkish Statistical Institute (TÜİK) announced the results of the Construction Cost Index for the period of November 2022.

Construction Costs increased by 1.17% in November compared to the previous month

Construction cost index increased 103.47% y-o-y and 1.17% m-o-m

Construction cost index increased by 1.17% in November 2022 compared to the previous month and increased by 103.47% compared to the same month of the previous year. Compared to the previous month, the material index increased by 1.09% and the labor index increased by 1.47%. In addition, the material index increased by 108.55% and the labor index increased by 87.92% compared to the same month of the previous year.

Building construction cost index increased 101.48% y-o-y and 1.23% m-o-m

Building construction cost index increased by 1.23% compared to the previous month and increased by 101.48% compared to the same month of the previous year. Compared to the previous month, the material index increased by 1.14% and the labor index increased by 1.52%. In addition, the material index increased by 105.94% and the labor index increased by 88.16% compared to the same month of the previous year.

Construction cost index for non-building structures increased by 110.16% y-o-y and 0.99% m-o-m

Construction cost index for non-building structures is 0.99% compared to the previous month; increased by 110,16% compared to the same month of the previous year. Compared to the previous month, the material index increased by 0.90% and the labor index increased by 1.32%. In addition, the material index increased by 117.07% and the labor index increased by 87.03% compared to the same month of the previous year. "

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