In a statement reported by idealista, INE said that the price of materials showed zero year-on-year change, slowing down by 4.6 percentage points compared to the previous month, and the cost of labour increased by 7.8% (8.5% in March).

The cost of labour contributed with 3.2 percentage points (3.5 percentage points in the previous month) to the formation of the year-on-year rate of change in the New Housing Construction Cost Index (ICCHN) and the materials component with 0. 0 percentage points (2.7 percentage points in the previous month).

Cement costs

Among the materials that mostly influenced the price are cement and ready-mixed concrete, with year-on-year increases of more than 20% and 15%, respectively, and wood and wood products, with variations of more than 15%, details INE.