Prices of construction materials for new homes rose by 11.6% in November

The Hellenic Statistical Authority announced that the Overall Material Costs Index in the Construction (CSTM) of New Residential Buildings with base year 2015=100.0 in November 2022 recorded an increase of 11.6% in comparison with November 2021. The corresponding index in November 2021 had recorded an increase of 7.1% compared with November 2020.

The Overall Index in November 2022, compared with the corresponding index in October 2022, recorded an increase of 0.7%. The index had recorded an increase of 0.9% between November 2021 and October 2021.

The average Index for the twelve-month period from December 2021 to November 2022, compared with the corresponding index for the twelve-month period from December 2020 to November 2021, recorded an increase of 10.6%. The comparison of the twelve-month average Material Costs Index in the corresponding previous twelve-month periods had recorded an increase of 3.2%.

In particular, as reported by ELSTAT, there were price increases in: Motor oil – Diesel (28.4%), Bricks (27.2%), Parquet (17.3%), Reinforcing iron (16.3%), Construction timber ( 14.1%), Garage doors (13.8%), Copper conduits (12.6%), Plastic, acrylic, water (11.7%), Ready-mixed concrete (11.5%), Wooden wardrobes (11%) , Tiles in general – floor, wall (10.6%), Marble tiles (9.8%), Built-in cabinets (9.8%), Wooden windows (9.1%), Interior doors (9%), Aluminum frames ( 8.9%), Heaters (8.5%), Cement (8.2%), Elevators (6%) and Copper Pipes (4.6%). There was a price reduction only in Electricity (5.3%).

As announced by ELSTAT, the general price index of materials for the construction of new residential buildings showed an increase of 11.6% in November 2022 compared to the corresponding index of November 2021, against a 7.1% increase noted when comparing the corresponding indices in 2021 with in 2020.