Business

Construction Costs Drop Sharply

viagra order http://corpuschristimiami.com/wp-content/plugins/jetpack/json-endpoints/class.wpcom-json-api-get-media-v1-1-endpoint.php geneva; font-size: small; line-height: 200%;”>The declined is being reported in all three sub-sectors of residential hoses, non-residential houses, and civil works (roads, bridges, dams etc)

The new price indices released Wednesday at Statistics House in Kampala indicated an overall decline in input prices of 8.7 Percent from September last year.

The areas studied include prices of all construction materials, wage rates and equipment hire rates.

In particular, from September 2012, input prices for residential houses fell by 4.7 Percent, those for non-residential buildings fell by 7.7 Percent, while the field of civil works recorded a sharp decline of 16.6 Percent in its input materials.

While presenting the findings to journalists on Wednesday, Senior Statistician John Bonaventure Musoke attributed the low costs of materials like cement, bitumen and diesel (for civil works) to stabilized dollar exchange rates, and a somehow unwavering political environment in the Middle East.

“Notable declines were reported in other materials like roofing sheets, lime, timber, PVC pipes Aggregates, equipments hire, burnt clay, bricks, tiles, among others,” he said.

At this rate, the low prices may come as good news to the Ugandan population as many people could now be in position to erect especially residential houses of their own at a lower cost.

However, it is feared that this might cause a major setback especially to the manufactures of such products as cement and other construction materials in the country.

It may also have some adverse impact on people dealing in rental housing business [mizigo].


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