According to the statistics released by the Turkish Statistical Institute, in the first quarter of 2011 building
construction costs in
Turkey increased by 4.37 percent quarter on quarter and were up 8.44 percent compared to the corresponding period of the previous year.
Meanwhile, in the first quarter of 2011, the labor costs within building
construction costs in
Turkey increased by 2.64 percent, while material costs rose by 4.9 percent, both compared to the last quarter of 2010. The year-on-year increase rates of these costs were 7.32 percent and 8.79 percent respectively.
In the given period, the share of general
construction materials in building
construction costs was 64.5 percent, the share of installation materials was 14.2 percent, while the share of labor costs was 21.3 percent.