Housing
Housing construction costs rose 7.4% in September
The cost of new housing construction rose by 7.4% in September compared to the same month last year, according to preliminary data from the National Statistics Institute (INE). Labour costs increased by 7.7% and material costs by 7.2%, with diesel prices cited as a primary driver of the rise in material costs.
Why it matters
While this is a macro-level indicator, sustained increases in construction costs typically translate into higher property prices and renovation costs for residents and prospective buyers.Diário de NotíciasRead original ↗
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