US EditionTurkiye’s Construction Costs Rise 23.6% Annually as Material and Labor Prices Surge
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Turkiye’s Construction Costs Rise 23.6% Annually as Material and Labor Prices Surge
Türkiye’s construction cost index increased 1.37 percent in June from the previous month and 23.58 percent compared to the same period last year, according to data released by the Turkish Statistical Institute (TÜİK) on Aug. 11. On a monthly basis, the materials sub-index rose 2.35 percent,while the labor sub-index edged down 0.35 percent. Annually, materials climbed 19.37 percent and labor surged 31.99 percent. For building construction, the co…
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