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Statistik Austria: Construction Costs Continue to Rise
Costs increase for residential and housing development construction; the index of bridge and road construction has declined however.
Statistik Austria: Construction Costs Continue to Rise / Picture: © Vindobona.org
The construction cost index for residential and housing development construction (BKI 2005) is, according to calculations by Statistik Austria, at 115.6 points for the 2009 average, an increase of 0.6% compared with the year 2008. Distinguishing between the cost factors wages and materials, wages increased by 3.2% over the previous year, while material costs show an annual rate of…
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