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Construction costs in New Zealand rose slowly in 2024, with standard homes up just 1.5%.
Construction costs in New Zealand have risen at their slowest rate since 2015, with a 1.5% increase for standard homes in the year to November 2024.
This is a significant drop from previous years, driven by easing inflation, record low interest rates, declining house prices, re-established supply chains, and slower population growth.
The cost of non-residential buildings also saw a modest 1.4% increase.
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Los costos de construcción en Nueva Zelanda aumentaron lentamente en 2024, con casas estándar sólo un 1,5%.