Building costs rose by 4.5 per cent from June 2007 to June 2008. Labour costs in construction went up by 4.4 per cent, prices of materials by 4.1 per cent and those of other inputs by 5.8 per cent year-on-year. This is indicated by the building cost index of Statistics Finland.
From May to June 2008, the total index of building costs rose by 0.3 per cent. The prices for labour went up by 0.3 per cent, the prices of materials by 0.2 per cent and those for other inputs by 0.7 per cent.
Building Cost Index (2005 = 100) and its year-on-year and month-on-month changes
6/2007 - 6/2008
5/2008 - 6/2008
|Building trade newbuilding|
|By type of building|
|Blocks of flats||114.9||4.4||0.3|
|Detached residential houses||114.8||3.5||0.0|
|Office and commercial buildings||114.3||4.8||0.5|
|Industrial and warehouse buildings||114.9||4.7||0.5|
|Agricultural production buildings||120.6||3.2||-0.5|
Source: Building cost index 2008, June. Statistics Finland
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Last updated 11.7.2008