Throughout Europe, construction costs are constantly in a state of flux. The price of materials rises and falls under the influence of local and international economic factors, while transport costs, handling costs and labor costs also vary from one country to the next.
To help you gain a better understanding of how construction costs develop across Europe, ECC has created a comprehensive European construction cost index. Our specialists have compiled an overall construction cost index for every country in Europe. In addition, we’ve used our own cost data to generate regional cost indices for select European countries.
All our construction cost indices are updated regularly, ensuring that you will always have access to up-to-date information.
Understanding your local construction cost index
A construction cost index is a relative cost indicator – the local indices provide a quick insight into how construction costs in a given country or region compare to the overall European construction cost index, or the indices of other countries or regions. This makes it easy to get a better picture of local cost variances at a glance.
It is important to remember that comparing your local construction cost index to that of another country is not a substitute for a thorough calculation. Rather, it is a useful tool to help focus your cost management efforts and identify regions with favorable cost environments. Once you’ve settled on a specific country or region, ECC always recommends that you calculate your construction costs with our online tool.