Lagos (Nigeria) was expected to be one of the cities in the world with the highest construction cost growth in 2025. Meanwhile, the construction cost in New York City (United States) was forecast to grow by 3.5 percent that year. Paris and Zurich were the cities included in the list with the lowest forecast growth rate.

The index relates to costs ruling on the first day of each month.
NATIONAL HOUSE CONSTRUCTION COST INDEX; Up until October 2006 it was known as the National House Building Index
Oct 2000 data; The index since October, 2000, includes the first phase of an agreement following a review of rates of pay and grading structures for the Construction Industry and the first phase increase under the PPF.
April, May and June 2001; Figures revised in July 2001due to 2% PPF Revised Terms.
March 2002; The drop in the March 2002 figure is due to a decrease in the rate of PRSI from 12% to 10¾% with effect from 1 March 2002.
The index from April 2002 excludes the one-off lump sum payment equal to 1% of basic pay on 1 April 2002 under the PPF.
April, May, June 2003; Figures revised in August'03 due to the backdated increase of 3% from 1April 2003 under the National Partnership Agreement 'Sustaining Progress'.
The increases in April and October 2006 index are due to Social Partnership Agreement "Towards 2016".
March 2011; The drop in the March 2011 figure is due to a 7.5% decrease in labour costs.
Methodology in producing the Index
Prior to October 2006:
The index relates solely to labour and material costs which should normally not exceed 65% of the total price of a house. It does not include items such as overheads, profit, interest charges, land development etc.
The House Building Cost Index monitors labour costs in the construction industry and the cost of building materials. It does not include items such as overheads, profit, interest charges or land development. The labour costs include insurance cover and the building material costs include V.A.T. Coverage:
The type of construction covered is a typical 3 bed-roomed, 2 level local authority house and the index is applied on a national basis.
Data Collection:
The labour costs are based on agreed labour rates, allowances etc. The building material prices are collected at the beginning of each month from the same suppliers for the same representative basket.
Calculation:
Labour and material costs for the construction of a typical 3 bed-roomed house are weighted together to produce the index.
Post October 2006:
The name change from the House Building Cost Index to the House Construction Cost Index was introduced in October 2006 when the method of assessing the materials sub-index was changed from pricing a basket of materials (representative of a typical 2 storey 3 bedroomed local authority house) to the CSO Table 3 Wholesale Price Index. The new Index does maintains continuity with the old HBCI.
The most current data is published on these sheets. Previously published data may be subject to revision. Any change from the originally published data will be highlighted by a comment on the cell in question. These comments will be maintained for at least a year after the date of the value change. Oct 2008 data; Decrease due to a fall in the Oct Wholesale Price Index.

This dataset contains the indices of UK hourly Construction Wage Costs (quarterly; not seasonally adjusted; 2000 = 100) and UK Construction Material Prices for New Housing, Other New Work, Repair and Maintenance, and All Work (monthly; 2010 = 100).

As of the third quarter 2024, New York had some of the highest construction costs for center retail shopping facilities, at about 518 U.S. dollars per square foot. Meanwhile, Phoenix had one of the lowest costs in the country, with an average cost for the construction of a retail strip would average about 158 U.S. dollars per square foot in Denver. Changing retail construction After several years in a row of falling spending on new retail real estate, the value of the retail construction in the U.S. by the private sector has risen significantly between 2021 and 2023. The south was the U.S. region with shopping center real estate under construction at significant distance from the West of the country.

Brazil Construction Cost data was reported at 1,818.640 BRL/sq m in Apr 2025. This records an increase from the previous number of 1,810.250 BRL/sq m for Mar 2025. Brazil Construction Cost data is updated monthly, averaging 854.130 BRL/sq m from Mar 1986 (Median) to Apr 2025, with 470 observations. The data reached an all-time high of 14,030,088.660 BRL/sq m in Jul 1993 and a record low of 187.160 BRL/sq m in Jan 1989. Brazil Construction Cost data remains active status in CEIC and is reported by Brazilian Institute of Geography and Statistics. The data is categorized under Global Database’s Brazil – Table BR.EA004: Construction Cost: Average: by Region and State. Average costs at the level of Federation Units: Costs are estimated by the weighted average of the costs of residential projects with a normal finishing standard; For this calculation, the weight (relative importance) of each project is considered in the most populous municipality of each geographic area.

New York had one of the highest construction costs for prime offices in the United States, at over 660 U.S. dollars per square foot on average. In addition to the 541-meter One World Trade Center building, New York City also has some of the tallest skyscrapers in the United States. What element affect construction costs? Location and topography have a big impact on construction costs, for example, earthquake-prone zones have more stringent building requirements which will affect cost of materials, supplies, and labor. Increased interest in sustainability has also prompted sustainable certification across the country, most noticeably as LEED-registered offices. Slow growth of the office construction segmentThe value of new private office construction in the U.S. has kept rising in the past years, but at a slower rate than before 2019. The changes in the way people work, with part of the workforce working from home at least part of their week might have hindered investment in office real estate.

Building construction price indexes (BCPI) by type of building and construction division. Quarterly data are available from the first quarter of 1981. The table presents data for the most recent reference period and the last four periods. The base period for the index is (2023=100).

Spain - Construction cost index was EUR119.30 points in March of 2025, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Spain - Construction cost index - last updated from the EUROSTAT on August of 2025. Historically, Spain - Construction cost index reached a record high of EUR119.30 points in March of 2025 and a record low of EUR19.10 points in March of 1980.

The historical series 'New dwellings; input price indices of building costs 2000 = 100, from 1990' shows the development of the costs (wages and materials) involved in building new dwellings in the Netherlands, and has become available by linking series which were calculated separately in the past. An input price index is based on price changes in several cost components involved in realising a product, in this case a new dwelling. Changes in other cost components such as building equipment (tools and machines), general costs, profits and risk are not included in the index. Other cost components, such as energy and transport, are also not taken into account as their influence on the final cost price is relatively modest. Land costs are also not included in the index.

From 1990 to December 1994 only figures of the materials are available. From 1995 onwards this series also includes wage figures. Also from 1995, figures are also available on total building costs by weighted aggregetion of these two series.

Data available from: - Materials: January 1990 - Wages: January 1995 - Total building costs: January 1995

Status of the figures: The price index figures for wages and the total construction costs are final until 2024. The figures for building materials are final until January 2025.

Changes as of November 29th, 2024: Since this publication, a switch has been made to a different rounding strategy, whereby the changes are calculated on unrounded index figures and annual figures are calculated from rounded and published figures. With this switch there is more consistency with other statistics on Statline and statistics from Eurostat. As a result, mutations have changed across the entire series.

Changes as of July 30th, 2025: Figures of June 2025 have been added.

When will new figures be published? New figures are published about 30 days after the month under review.

Romania - Construction cost index was RON142.30 points in December of 2024, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Romania - Construction cost index - last updated from the EUROSTAT on August of 2025. Historically, Romania - Construction cost index reached a record high of RON142.70 points in June of 2024 and a record low of RON11.30 points in March of 2000.

Italy - Construction cost index was EUR114.10 points in December of 2023, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Italy - Construction cost index - last updated from the EUROSTAT on August of 2025. Historically, Italy - Construction cost index reached a record high of EUR114.70 points in December of 2022 and a record low of EUR47.70 points in March of 1990.

Denmark - Construction cost index was DKK118.00 points in March of 2025, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Denmark - Construction cost index - last updated from the EUROSTAT on August of 2025. Historically, Denmark - Construction cost index reached a record high of DKK118.00 points in March of 2025 and a record low of DKK54.20 points in March of 1995.

Portugal - Construction cost index was EUR124.90 points in June of 2025, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Portugal - Construction cost index - last updated from the EUROSTAT on August of 2025. Historically, Portugal - Construction cost index reached a record high of EUR124.90 points in June of 2025 and a record low of EUR63.90 points in March of 2001.

In the third quarter of 2024, the city with the highest costs for the construction of a 5-star hotel in the United States is Honolulu at 768 U.S. dollars per square foot. A 3-star hotel in Phoenix, Arizona, on the other hand, cost on average of 268 U.S. dollars per square foot. The average construction costs of housing in those U.S. cities was similarly distributed. Construction costs of hotels In the construction of a hotel, there are a variety of factors to consider such as room amenities, additional on-site services, and interiors. Nevertheless, some of the most important elements that can determine the cost of a building are the salary of workers, the cost of the equipment, and the price of raw materials and appliances. Generally, construction cost figures include the foundation, roof, windows, exterior and interior walls, bathrooms, and heating and cooling systems, among other factors. Hotel projects tend to use higher quality techniques and materials to minimize the need for repair or replacements. Hotel construction pipeline worldwide Some of the cities with the most rooms under construction were in China and in the United States. Meanwhile, Cancún was the city leading the hotel construction pipeline in Latin America, with figures that were much higher than those for the rest of the cities included in the ranking. One of the tallest skyscrapers under construction in the U.S. was the Waldorf Astoria Hotel and Residences in Miami.

Brazil Construction Cost: Materials data was reported at 574.700 BRL/sq m in Oct 2018. This records an increase from the previous number of 570.790 BRL/sq m for Sep 2018. Brazil Construction Cost: Materials data is updated monthly, averaging 326.040 BRL/sq m from Jul 1994 (Median) to Oct 2018, with 292 observations. The data reached an all-time high of 574.700 BRL/sq m in Oct 2018 and a record low of 156.680 BRL/sq m in Jan 1999. Brazil Construction Cost: Materials data remains active status in CEIC and is reported by Brazilian Institute of Geography and Statistics. The data is categorized under Global Database’s Brazil – Table BR.EA003: Construction Cost: Average: By Region and State. Average costs at the level of Federation Units: Costs are estimated by the weighted average of the costs of residential projects with a normal finishing standard; For this calculation, the weight (relative importance) of each project is considered in the most populous municipality of each geographic area.

Czech Republic - Construction cost index was CZK128.40 points in March of 2025, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Czech Republic - Construction cost index - last updated from the EUROSTAT on July of 2025. Historically, Czech Republic - Construction cost index reached a record high of CZK128.40 points in March of 2025 and a record low of CZK56.30 points in March of 2000.

Lithuania - Construction cost index was EUR137.80 points in June of 2025, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Lithuania - Construction cost index - last updated from the EUROSTAT on August of 2025. Historically, Lithuania - Construction cost index reached a record high of EUR137.80 points in June of 2025 and a record low of EUR48.60 points in March of 1998.

Taiwan Construction Cost Index: Building Construction (BC) data was reported at 111.100 2021=100 in Mar 2025. This records an increase from the previous number of 110.660 2021=100 for Feb 2025. Taiwan Construction Cost Index: Building Construction (BC) data is updated monthly, averaging 78.500 2021=100 from Jan 1991 (Median) to Mar 2025, with 411 observations. The data reached an all-time high of 111.100 2021=100 in Mar 2025 and a record low of 49.270 2021=100 in Sep 1991. Taiwan Construction Cost Index: Building Construction (BC) data remains active status in CEIC and is reported by Directorate-General of Budget, Accounting and Statistics, Executive Yuan. The data is categorized under Global Database’s Taiwan – Table TW.EA019: Construction Cost Index: 2021=100.

Greece - Construction cost index was EUR122.60 points in June of 2025, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Greece - Construction cost index - last updated from the EUROSTAT on August of 2025. Historically, Greece - Construction cost index reached a record high of EUR122.60 points in June of 2025 and a record low of EUR76.10 points in March of 2000.