According to Cgate, the cost of materials will increase by 7% during 2023.
As in the last quarter of 2022, the construction activity index is once again in negative territory. The lack of skilled labor and, above all, the cost of materials continue to weaken the sector.
Added to this is the decline in residential activity. These are some of the main conclusions of the “Fourth Quarter 2022 Construction Diagnostic Report”.
Forecasts for 2023 are no better: general construction costs will increase by 7%, as will the price of materials.