Portugal Awaits June Data on New Housing Construction Costs
The National Statistics Institute (INE) is set to release the New Housing Construction Cost Index (ICCHN) for the month of June this week. This report is a key economic indicator watched closely by the real estate and construction sectors, as it measures the evolution of costs associated with building new residential properties.
The forthcoming data follows a period of relative stability. In May, the index registered a year-over-year increase of 3.7%, a figure that was nearly identical to the growth rate recorded in the preceding month of April. This stabilization suggested a potential easing of the intense price pressures that have characterized the sector in the recent past.
The ICCHN provides a detailed breakdown of the price changes for both labor and construction materials, which are the two primary components of building costs. The performance of this index is fundamental for developers, contractors, and financial institutions, as it directly impacts project budgeting, financing, and the final pricing of residential units.
Market analysts will be examining the June figures to identify whether the trend of moderate growth will continue. A significant deviation from the 3.7% mark could influence market sentiment and investment strategies for the remainder of the year. The data is compiled from a survey of construction companies across the country and is considered a reliable gauge of inflationary trends within the industry.
The release is part of the INE's regular schedule of economic publications and will provide a comprehensive overview of the cost dynamics facing one of Portugal's most critical economic sectors. The results will be made public on the official INE portal. Stay informed on Lisbon property market developments at realestate-lisbon.com.
