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Building construction costs rise sharply in Switzerland

Summary:
As inflation rises around the world, Switzerland feels the heat too. This week the Federal Statistical Office (FSO) published data on construction, which show an unusually large jump in costs. © Spunky1234 | Dreamstime.comThe costs of construction leapt 2.7% between April and October 2021, according to the data, leaving prices 4.1% higher than a year earlier. The construction index contains both civil engineering works and building construction. Between April and October 2021, the cost of building construction (+3.1%) rose more than civil engineering work (+1.3%). Building construction by itself was up 4.6% year on year. Within building construction, work such as masonry (+7.2%), carpentry (+8.5%), installing heating insulation (+10.5%) and heating pipe work (14.4%) rose far more

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As inflation rises around the world, Switzerland feels the heat too. This week the Federal Statistical Office (FSO) published data on construction, which show an unusually large jump in costs.

© Spunky1234 | Dreamstime.com

The costs of construction leapt 2.7% between April and October 2021, according to the data, leaving prices 4.1% higher than a year earlier.

The construction index contains both civil engineering works and building construction. Between April and October 2021, the cost of building construction (+3.1%) rose more than civil engineering work (+1.3%). Building construction by itself was up 4.6% year on year. Within building construction, work such as masonry (+7.2%), carpentry (+8.5%), installing heating insulation (+10.5%) and heating pipe work (14.4%) rose far more than the average on a year on year basis.

No region was untouched by the building construction price increases. Year on year rises in the Lake Geneva region (+3.7%), Mittelland region (+4.9%), north west Switzerland (+5.4%), Zurich (+4.8%), east Switzerland (+4.5%), Central (+4.7%) and Ticino (+4.8%) were all fairly close to the Swiss average (+4.6%).

More on this:
FSO press release (in French) – Take a 5 minute French test now

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