Monday, 9 July 2018

Construction and Repair Cost Increase In Germany

Construction costs for apartments and offices increased by 4.1%

According to the Federal Statistical Office (Destatis) prices for the construction of conventionally manufactured residential buildings in Germany in May were 4.1% higher than a year before. This is the highest increase since November 2007 (+ 5.8%). For office buildings and for commercial buildings a price increase of 4.1% was determined. In particular, concrete construction (+5.4%) was the price driver in housing construction, while masonry (3.7%) was less expensive. Carpentry and wood construction were 4.3% more expensive than a year ago.

Photo by Fancycrave on Unsplash


The interior finishing prices increased by 3.6% and maintenance, repairs and upkeep by 3.8%.

DESTATIS Report.

Especially the maintenance and repairs bracket is relevant for property owners as in most cases they will affect the bottom line of their investment directly. 


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