Portugal

Cost of building new house shoots to 7.5% to the ride of rising prices of materials and labour

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Based on a feed excerpt; full article content has not been acquired. Source evidence retrieved 09/10/2026, 10:41:24 UTC.

Briefings

Portuguese housing construction costs surged in August by 7.5% compared to the same month last year, driven by both labor and material price increases. The INE reported that labor costs rose 8% homogeneously, while materials climbed 7.1%, with specific components like gas, copper wiring, and PVC pipes contributing significantly to the overall rise.

Key points

• August housing construction costs increased 7.5% year-over-year, surpassing July's 6.5% rise.
• Labor costs rose 8% homogeneously, contributing 3.7% to the total increase.

Context

The INE tracks residential building costs in Portugal, noting the index reflects construction expenses rather than sale prices. August saw a monthly variation of 0.5%, down from 0.2% in July, indicating continued pressure on the sector.

Limitations

Data reflects August 2026 figures from the INE; preprint status noted for research uncertainty. Specific material price trends are observed but not fully quantified beyond general categories.

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