Building material prices decline in September-SCAD
Concrete prices drop by 11.9%, costs of electrical wires grows
September saw a decline in the average prices of a range of building material groups, as compared to the same time last year, a report by the Statistics Centre – Abu Dhabi has said.
The report analysed the average prices of building materials during Q3 2011 compared with Q2 2011, it revealed that increases ranged from 0.4 in the 'Bathroom Set without Accessories’ group to 15.6% for the aggregates and sand group. The steel and cement groups increased by 10.2% and 8.6% respectively.
"The prices of several building materials groups have undergone changes during September 2011 compared with August 2011. The largest rise recorded was in the average prices of the construction labour group, which leapt 13.5%, with price increases within this group ranging between 7.1% and 25%," the SCAD report said.
During the same comparison period, the prices for concrete decreased by 11.9% as the prices of the items constituting this group retreated by 11.8 to 12%. In addition, the price of wires installed in residential towers decreased by 7.2%, SCAD added.
However, one of the largest price rises was in the price of wires for apartments, which saw a 27.1% growth due to the price of electrical wires jumping up by around 27.1%.
SCAD’s monthly report of building material prices surveys the prices of 21 groups of commodities and services that represent the most important materials used in construction activity.