NZ construction inflation to slow as escalating costs damp demand

Thu, 12 Jul 2018

By Tina Morrison July 13 (BusinessDesk) - Construction inflation across New Zealand's main cities is expected to slow in coming years as escalating costs soften demand, according to an industry report. Auckland experienced the biggest cost inflation last year, at 8 percent, which is forecast to slow to 6 percent this year, 3.5 percent next year and 3 percent in 2021, according to quantity surveying firm Rider Levett Bucknall's latest Oceania Report of tender prices. Christchurch is coming off its 2015 post-earthquake peak of 6 percent gro...

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