Analytics, Construction, Lithuania, Real Estate
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Saturday, 23.11.2024, 09:02
Construction costs in Lithuania increased 1.1% in May 2008
Print versionThe diagram below presents monthly changes in construction costs as compared to the previous month.
The general price change was mostly influenced by a 1.7% increase in wages and salaries and overheads and by a 0.8% increase in the prices of building materials and products. It was also influenced by a 0.7% increase in hourly labour costs on operation of construction machines and mechanisms.
The change in prices of building materials and products was mainly influenced by price rise for basic building materials, 2.0% – various types of concrete and mortar, 1.8% – insulation materials, 1.2% – general building materials. This increase was partly compensated by a 0.5% price drop for plumbing materials and 0.3% – wood products.
Table 1. Changes in construction costs by type of construction, May 2008, %
|
|
Specific weight against total construction volume |
May 2008 against | ||
|
April 2008 |
2007 | |||
|
December |
May | |||
|
All constructions |
100.0 |
1.1 |
3.6 |
12.3 |
|
Residential buildings |
25.5 |
1.1 |
3.3 |
13.3 |
|
Non-residential buildings |
44.3 |
1.0 |
3.5 |
11.3 |
|
Civil engineering units |
30.2 |
1.3 |
4.2 |
12.8 |
Table 2. Changes in main construction input prices, May 2008, %
|
|
Specific weight of construction costs |
May 2008 against | ||
|
April 2008 |
2007 | |||
|
December |
May | |||
|
Total construction costs |
100.0 |
1.1 |
3.6 |
12.3 |
|
Materials and products |
60.1 |
0.8 |
3.5 |
8.8 |
|
Operation of machines and mechanisms |
6.8 |
0.7 |
5.3 |
13.6 |
|
Wages and salaries and overheads |
33.1 |
1.7 |
3.5 |
17.6 |
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