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According to the National Statistics Office (GeoStat), in October 2025, the construction cost index rose by 0.3 per cent compared to the previous month, and by 4.3 per cent compared to the same period last year.
The residential segment index within this saw a slight decrease of 0.02 per cent month-on-month, yet experienced a notable increase of 6.1 per cent year-on-year. The non-residential segment index grew by 1.3 per cent from the previous month and by 7.5 per cent compared to the same month last year. Meanwhile, the civil segment index increased by 0.3 per cent month-on-month and by 1.4 per cent year-on-year.
GeoStat reports that the overall construction cost index in October 2025 grew by 0.3 per cent compared to September. This was primarily driven by a 1.7 per cent rise in the average monthly nominal wage of construction sector employees, which contributed 0.45 percentage points to the overall change.
“Compared to the same month last year, the construction cost index increased by 4.3 per cent. This rise was largely attributable to a 16.2 per cent increase in the average monthly nominal wage of construction workers, alongside a 5.2 per cent increase in other expense categories, which contributed 4.03 and 0.32 percentage points, respectively. Furthermore, the construction cost index has grown by 25.2 per cent since February 2022,” the report published by GeoStat states.
