PRICES of building materials began to rise in late 2020, just as Covid-19 vaccines were approved and ready for human use, which signalled the reopening of the economy. From January to August last ...
If it seems like building material prices are still sky high, they are — 39% higher than they were before the COVID-19 pandemic. Associated Builders and Contractors (ABC) released an analysis ...
Roughly half the cost of a house is the cost of the materials of which it is made, and they are used in large quantities (family house: around 200 tonnes; large apartment block: around 20,000 tonnes).
Land costs are also not included in the index. Data available from: January 2018 Status of the figures: The price index figures for wages and the total construction costs are final until 2023. The ...
Investors in the housing sector in the country have attributed inflation, price of cement and dollar denominated building materials to the reason for housing costs in the country and thereby ...