New housing construction costs rise 6.9% year-on-year
Building costs for new homes climbed 6.9% compared to the same month last year, driven by material price increases of 6.4% and labour cost growth of 7.5%. The acceleration continues month-on-month.
Why it matters for your move
Construction cost inflation directly affects new property prices and rental availability for relocating residents.
This is Re-locant.com’s own brief, written to explain what the update means for people moving to or living in Portugal. For the full original report, see the source below.