Cost of construction index across Georgia decreased by 5.2% in January
The statistics body said the change had been mainly caused by the 23.4 percent decrease in the average monthly nominal salary of employees in the industry, which caused a 4.8 percent reduction in the total index. Photo: Nino Alavidze/Agenda.ge
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The cost of construction index across Georgia decreased by 5.2 percent in January compared to the preceding month, the National Statistics Office of Georgia said on Thursday.
The statistics body said the change had been mainly caused by the 23.4 percent decrease in the average monthly nominal salary of employees in the industry, which caused a 4.8 percent reduction in the total index.
The index increased by 5.7 percent compared to February 2022, influenced by a 4.8 percent increase in the prices of construction materials, which contributed a 2.73 percentage change to the total figure, the update also said.
Construction costs across Georgia have increased following boosts in salaries of employees in the sector, the latest figures released on Friday by the National Statistics Office are showing.
A total of 10,822 permits were issued in Georgia in 2022 for construction projects spanning an area of 7.4 million square metres, the National Statistics Office of Georgia said in its latest release on Monday.
The Construction Cost Index in Georgia increased by 13.6 percent in the fourth quarter of 2021 compared to the same period of the previous year, the National Statistics Office of Georgia (Geostat) announced on Thursday.
A total of 8,082 construction permits were issued in Georgia between January and September of this year, which marks an 8.8 percent increase year-on-year, the national statistics office of Georgia announced on Monday.
Sanctions on illegal constructions within designated zones of cultural heritage on state- or municipality-owned property in the Georgian capital of Tbilisi will be tightened, Mayor Kakha Kaladze revealed on Wednesday.