Property and Construction – Construction costs have surged almost twice as fast as inflation over the past decade
Source: Quality Valuation (QV) New Zealand’s residential construction costs have risen around 61% since 2015, compared with a 33% rise in the Consumers Price Index (CPI) — highlighting how building costs have surged ahead of everyday prices. The data, drawn from QV CostBuilder, New Zealand’s largest subscription-based construction-cost platform, shows that building-cost inflation has run … Read more