Cost to build homes up 5.3%
Russia-Ukraine war blamed for Q1 rise
The average cost of constructing a home rose 5.3% year-on-year in the first quarter of 2022 as a result of the Russia-Ukraine war, according to Vichai Viratkapan, acting executive director of Real Estate Information Center.
Service fees in the category of construction design and system works increased, particularly for structural engineering.
Mr Vichai said the price of most construction materials had increased, especially steel and steel products, jumping by 35% year-on-year.
The price increase…
