New dwellings; output price indices building costs, 2015=100

New dwellings; output price indices building costs, 2015=100

Periods Price index building costs VAT included Output price index (2015=100) Price index building costs VAT included Changes compared to one year earlier (%) Price index building costs VAT excluded Output price index (2015=100) Price index building costs VAT excluded Changes compared to one year earlier (%)
2012 107.5 108.9
2013 104.9 -2.4 104.9 -3.6
2014 100.7 -4.0 100.7 -4.0
2015 100.0 -0.7 100.0 -0.7
2016 100.0 0.0 100.0 0.0
2017 106.2 6.3 106.2 6.3
2018 1st quarter 111.9 8.3 111.9 8.3
2018 2nd quarter 112.7 5.6 112.7 5.6
2018 3rd quarter 115.7 9.6 115.7 9.6
2018 4th quarter 121.3 10.9 121.3 10.9
2018 115.4 8.6 115.4 8.6
2019 1st quarter 122.0 9.0 122.0 9.0
2019 2nd quarter 120.5 6.9 120.5 6.9
2019 3rd quarter* 124.5 7.6 124.5 7.6
2019 4th quarter* 128.0 5.5 128.0 5.5
2019* 123.7 7.2 123.7 7.2
2020 1st quarter* 127.6 4.6 127.6 4.6
2020 2nd quarter* 128.8 6.9 128.8 6.9
Source: CBS.
Explanation of symbols

Table description


The output price index of newly built dwellings, 2015=100, shows cost developments of residential buildings. These series is based on all types of dwellings. Building costs are the costs paid to the building contractor, and thus include general costs, profit and risk, but exclude the costs of building land and project developers and brokers. The data are received from the municipal administrations (the number of building licences granted).

Data available from: 1st quarter 2012

Status of the figures:
The figures remain preliminary four quarters before they become definite.

Changes as of September 29th 2020:
The figures of the 2nd quarter of 2020 are added and the figures of the 2nd quarter of 2019 have become definite.

When will new figures become available?
New figures of the 3rd quarter of 2020 will be published at the end of December 2020.

Description topics

Price index building costs VAT included
An output price index VAT included measures price changes of a finished good. In this case a dwelling. General costs and 'profit and risk' of the contractor are also included in this price index. This is in contrast to an input price index, which only measures the costs of the product itself (wages and materials).
Output price index
A price index specifies the ratio between the value of a variable in a given time and the value of that variable in a chosen fixed reference period. In this reference period, the index is 100.
Changes compared to one year earlier
The percentage development of a given time period (quarter or year) compared to the same period in the preceding year.

The changes compared to one year earlier of the price indices of the series 2015=100 are based on not rounded figures.
Price index building costs VAT excluded
An output price index VAT excluded measures price changes of a finished good. In this case a dwelling. General costs and 'profit and risk' of the contractor are also included in this price index. This is in contrast to an input price index, which only measures the costs of the product itself (wages and materials).
Output price index
A price index specifies the ratio between the value of a variable in a given time and the value of that variable in a chosen fixed reference period. In this reference period, the index is 100.
Changes compared to one year earlier
The percentage development of a given time period (quarter or year) compared to the same period in the preceding year.

The changes compared to one year earlier of the price indices of the series 2015=100 are based on not rounded figures.