Cost falls for new residential buildings in Greece
The construction cost for new residential buildings in Greece in the third quarter saw a decrease of 3.1%, compared with the same quarter last year, according to ELSTAT data.
The previous year, the index had recorded a decrease of 3.3%. The quarter-on-quarter prices recorded a decrease of 0.4%, while last year the 12-month average index had also recorded a decrease of 3%.
Material costs in construction in September saw a year-on-year fall of 1.9%, while the material costs index saw a month-on-month decrease of 0.2%. The average costs for the 12-month period from October 2014 to September 2015, compared with the same index for the previous 12-month period, decreased by 2.0%.