In this time of global financial uncertainty, Currie & Brown ask… “What is the Future for Construction Costs?”

Our research identified a number of key findings including: 

• Construction Costs likely to drop 5% - 15% to 30 June 2009 with further falls possible depending on location 
• Major downturns typically show around 3 - 4 years of declining construction costs relative to CPI 
• Cost recovery typically takes 3 - 4 years