Press Construction prices of residential buildings, February 2023: +15.1% on February 2022

Press release No. 139 of 6 April 2023

WIESBADEN – The prices of new residential buildings (conventional construction) in Germany rose by 15.1% in February 2023 compared with February 2022, as reported by the Federal Statistical Office (Destatis). In November 2022, the previous reference month of the statistics, prices had increased by 16.9% year on year. Compared with November 2022, construction prices were up 2.7% in February 2023. All price data refer to construction operations performed at the building, including value-added tax.

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Basic data and long time series are available in tables Price indices for the construction industry (61261-0001 to 61261-0006) in the GENESIS-Online database.

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