Construction costs indices for residential buildings, Slovenia, 4th quarter 2018

Construction costs for new residential buildings in the fourth quarter of 2018 lower than in the previous one

In the fourth quarter of 2018 construction costs for new residential buildings in Slovenia were lower than in the previous quarter and the same as in the fourth quarter of 2017.

  • 15 March 2019 at 10:30
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Construction costs for new residential buildings in the fourth quarter of 2018 lower than in the previous quarter 

After the second increase in the previous quarter, this time construction costs went down. In the fourth quarter of 2018 they were 1.4% lower than in the third quarter of 2018. Compared to the fourth quarter of 2017 they were the same, while compared to the 2015 average they increased by 6.5%. In 2018 they were 2.7% higher than in 2017 and 7.6% higher than in 2016. Over a longer time, construction costs were 84.3% higher than in 2000 (construction material costs jumped by 78.9% and labour costs by as much as 90.8%).

Construction material costs lower than in the previous quarter 

Construction material costs increased over the previous quarter in all quarters of 2018, but in this quarter they decreased by 1.0%. Compared to the fourth quarter of 2017 they increased by 1.2% and compared to the 2015 average by 4.2%. In 2018 they were 2.3%higher than in the previous year.

Labour costs lower than in the previous quarter 

After the second increase in the previous quarter, this time labour costs went down. In the fourth quarter of 2018 they were 1.8% lower than in the third quarter of 2018. Compared to the fourth quarter of 2017 they decreased by 2.0%, while compared to the 2015 average they were 9.3% higher. In 2018 they were 2.5% higher than in the previous year. 

Construction costs indices for new residential buildings, Slovenia (Ø 2015=100)
Construction costs indices for new residential buildings, Slovenia (Ø 2015=100)
Source: SURS
Construction costs indices for new residential buildings, Slovenia
X–XII 2018
VII–IX 2018
X–XII 2018
X–XII 2017
I–XII 2018
I–XII 2017
X–XII 2018
Ø 2015
Construction costs98.6100.0102.7106.5
  Material costs99.0101.2102.3104.2
  Labour costs98.298.0102.5109.3
Source: SURS
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