New Zealand building costs expected to moderate from highs

Mon, 16 Oct 2017

By Tina Morrison Oct. 17 (BusinessDesk) - New Zealand building costs are expected to moderate given the low inflation environment, an inability to pass on rising costs, and as migrants help fill building skill shortages. Non-residential construction cost inflation will fall to a 4.3 percent annual pace in the final quarter of this year, from 5.5 percent in the second quarter, according to a forecast by the New Zealand Institute of Economic Research for property consultancy Rider Levett Bucknall's fourth-quarter report on trends in proper...

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