13 May 2016
The Construction Cost Index growth pace has continues in the first quarter of this year after decreasing in the fourth quarter of 2015, says a Bank of Albania’s report. The index increased by 11.3% during the January – March period while the Rent Index continues to decrease. During this period, the Rent Index decreased by 10.7% and this affected in the slight increase of the price/ rent balance.
The increase of prices in the construction sector has been shown also by other economic indicators such as the Confidence Index in the construction sector, says the report published by the Bank of Albania.
The Construction Cost Index is an important economic indicator for the construction sector and measures the price development of the production factors raw materials, labor, machinery, transports, energy and other costs that are used in building projects.
News source/photo credits: ATA