Building costs increase slightly

Building costs rose by 0.2 per cent in April 2017 compared to the corresponding month of the previous year, according to Statistics Finland.

The prices of materials went up by 0.9 per cent and those of services remained on level with the previous year. The prices of labour inputs in construction, in turn, fell by 0.8 per cent compared with April of the previous year. The fall in the prices of labour inputs is explained by lower social security costs compared with 2016.

From March to April, the total index of building costs remained on level with the previous month. The prices of materials went up by 0.2 per cent and the prices of services by 0.4 per cent. The prices of la-bour inputs fell by 0.3 per cent from the previous month.