The hovering value of constructing supplies has despatched the value of building to skyrocket to new highs and Cyprus’ related sector is ringing alarm bells, in response to Philenews.
Building prices elevated by 10.51% in 2021 in comparison with 2020, and the result is that property costs are maintained at excessive ranges.
For the interval of January-December 2021, the worth index recorded a rise of 10.98% in comparison with the corresponding interval of 2020.
The 2021 information supplied on Wednesday by the Statistical Service additionally present that the worth index of building supplies for the month of December 2021 rose to 119.66 factors.
This marks a rise of 0.63% in comparison with the earlier month. In comparison with the corresponding month of the earlier 12 months, the index recorded a rise of 17.10%.
The comparability of the information of 2021 with each 2020 and 2019 present that the costs of constructing supplies are maintained at excessive ranges.
A surprising instance is the worth of constructing iron which elevated by 44% in 2021 in comparison with 2020 and by 30.70% in comparison with 2019.
And the typical value of constructing mesh elevated by 27.05% in 2021 in comparison with 2020 and by 21.44% in comparison with 2019.