Tag: machinery costs
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Latvia Construction Costs Rise 2.1% Year-on-Year: What’s Driving the Surge
Overview: Latvia’s Construction Costs Edge Up 2.1% Year-on-Year Latvia’s construction costs continued to climb in the latest year, posting a 2.1% increase compared with September 2024. While prices for building materials edged up only slightly by 0.2%, the main drivers of the rise were shifts in labour remuneration and machinery costs. The newest data paint…
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Latvia Construction Costs Up 2.1% YoY: Key Drivers and Implications
Latvia Construction Costs Edge Higher in 2025 Construction costs in Latvia increased by 2.1% on a year‑on‑year basis in September 2025, marking a continued uptick as the industry navigates tighter margins and evolving project economics. The latest statistics highlight where the pressures are most pronounced and how different cost components are contributing to the overall…