According to an announcement released by the Hellenic Statistical Authority on Tuesday, the material costs index in construction of new residential buildings in November 2014 compared with November 2013 recorded a decrease of 2.4%. The index in November 2013 had recorded a decrease of 2.0% compared with November 2012.

The Material Costs Index in November 2014 compared with October 2014 remained unchanged. The index had recorded a decrease of 0.2% between November 2013 and October 2013.

The twelve-month average index, from December 2013 to November 2014, compared with the same index of the period from December 2012 to November 2013, decreased by 2.7%.

The previous year the twelve-month average index had decreased by 1.3%.