Construction & renovation
New-build costs: up 7.5% year on year in August 2026
The INE indicator
INE’s release of 9 October 2026 reports annual growth of 7.5% in the new housing construction cost index for August 2026. This is an index change, not a euro-per-square-metre quotation.
What it cannot price
Adding 7.5% to an old quotation does not establish the new project cost. Quantities, specifications, timing and commercial terms may differ. The national index is not a survey of Loulé renovation quotations.
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Ask about quote validity, price revision and supply arrangements. Retain dated specifications and offers to identify changes between tenders. Have contract terms reviewed by the relevant professionals.
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