Building construction costs increased by 9.5 pct. in 2014

ISTANBUL, January 21 () - Building construction costs in Turkey increased by 9.5 percent in 2014, according to the Building Construction Cost Index, released by Turkish Statistical Institute, on Wednesday.

Building construction cost index increased by 0.1 percent compared with the previous quarter and by 10.7 percent compared with the four quarter average in the fourth quarter of 2014.

In the fourth quarter of 2014, labour index increased by 1.1 percent and material index decreased by 0.2 percent compared with the previous quarter. Annual changes were 10.2 percent increase in labour index and 9.3 percent increase in material index.