StatecSlowing growth in residential construction prices

RTL Today
Residential construction prices have increased by a modest 0.5% between October 2023 and April 2024, a significantly lower rise than in the year before, Statec reports on Monday.
Evolutioun vum Präisindex an der Konstruktioun vun 2010 bis 2024
Evolutioun vum Präisindex an der Konstruktioun vun 2010 bis 2024
© Statec

Between October 2022 and April 2023, construction prices increased by 1.2%. Year-over-year, residential construction prices rose by just 1.7%, aligning with the long-term average seen between 2010 and 2019.

This marked slowdown is largely due to a decline in prices for shell construction (a building’s main structure), although continued increases in prices for technical installations provided some offset.

Roofing work prices increased by 0.6%, as did wooden frames (+0.4%) and hedging (+1.1%). Sanitary works increased by 1.8%, heating/ventilation by 2.1% and electrical works by 3.5%.

Materials for gutters and downpipes decreased by 0.3%.

Overall, roofing remains the trade whose prices have changed the most since the construction crisis and inflationary surge between 2020 and 2024: +42%.

Evolutioun vum Präisindex an der Konstruktioun vun 2010 bis 2024
Evolutioun vum Präisindex an der Konstruktioun vun 2010 bis 2024
© Statec

Read the full report here (in French)

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