Portugal's New-Build Construction Costs Climbed 6.9% in the Year to May, Led by Labour Rather Than Materials
INE's New Housing Construction Cost Index rose 6.9% in the year to May 2026, and 1.1% on the month, with labour up 7.5% and materials 6.4%. Bitumen, diesel and copper wire led the material increases, while a skilled-worker shortage keeps wage pressure sticky — a floor beneath already-strained house
