Construction costs indices for new residential buildings, Slovenia, 3rd quarter 2020

Construction costs for new residential buildings in the third quarter of 2020 higher than in the previous one

In the third quarter of 2020, construction costs for new residential buildings in Slovenia were higher than in the previous quarter and higher than in the third quarter of 2019.

  • 15 December 2020 at 10:30
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Construction costs for new residential buildings in the third quarter of 2020 higher than in the previous one

After the 0.6% decrease in the previous quarter, this time construction costs went up. In the third quarter of 2020, they were 2.9% higher than in the second quarter of 2020. They were 0.7% higher than in the second quarter of 2019. In the first three quarters of this year they were 1.7% higher than in the previous year. 

Construction material costs lower than in the previous quarter 

Construction material costs decreased on a quarterly basis for the fifth time in a row; this time they were 0.4% lower than in the previous quarter. Compared to the third quarter of 2019, they decreased by 2.2%. In the first three quarters of this year they were 2.2% lower than in the three quarters of the previous year. 

Labour costs higher than in the previous quarter 

After the 1.7% decrease in the previous quarter, this time labour costs went up. In the third quarter of 2020, they were 6.0% higher than in the second quarter of 2020. Compared to the third quarter of 2019, they increased by 2.8% and in the first three quarters of this year they were 5.5% higher than in the first three quarters of 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
VII–IX 2020
IV–VI 2020
VII–IX 2020
VII–IX 2019
I–IX 2020
I–IX 2019
VII–IX 2020
Ø 2015
Construction costs102.9100.7101.7113.6
  Material costs99.697.897.8102.3
  Labour costs106.0102.8105.5126.3
Source: SURS
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