Builders’ costs have decreased in the second 3 months of the year. They have dropped to 4.7% from 6.2% last year.<\/p>\n
Construction costs decreased in the second quarter of 2023. They decreased to 4.7% from 6.2% last year. The general drop in inflation has also affected the chain of all expenses that go to construction.<\/p>\n
According to the Institute of Statistics, machinery, energy and transport costs are part of the group that has had the greatest impact on cost reduction.<\/p>\n
Housing construction costs experienced a strong increase last year, making it difficult to implement public projects, for which companies had signed contracts and had not completed them.<\/p>\n
However, the reduction in construction costs has not been reflected in the real estate sales market, where their prices, especially in Tirana and the Coast, have experienced strong double-digit growth.<\/p>\n
The data forwarded by INSTAT for the construction cost index are 3-months, and they broadly reflect the prices in the sector, from construction materials, employee salaries, transportation expenses or even other costs that construction companies have.<\/p>\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
Builders’ costs have decreased in the second 3 months of the year. They have dropped to 4.7% from 6.2% last year. Construction costs decreased in the second quarter of 2023. They decreased to 4.7% from 6.2% last year. The general drop in inflation has also affected the chain of all expenses that go to construction. […]<\/p>\n","protected":false},"author":23,"featured_media":59475,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[153,1803],"tags":[270,1477,2748,2478,2575,243,151],"acf":[],"yoast_head":"\n