General News

Decrease in Construction Cost Index for Residential Buildings in West Bank

Ramallah: The Palestinian Central Bureau of Statistics (PCBS) has released a report detailing the Construction Cost Index (CCI), Road Cost Index (RCI), Water Networks Cost Index (WNCI), and Sewage Networks Cost Index (SNCI) for the West Bank during February 2026.

According to Palestine News and Information Agency - WAFA, the Construction Cost Index for residential buildings in the West Bank reached 118.48, marking a decrease of 0.23% compared to January 2026. This decline was primarily influenced by a 0.40% decrease in raw material prices, whereas the rental prices of equipment saw a slight increase of 0.12%. Labour costs and wages remained stable during this period.

The report also highlights a decrease in the Construction Cost Index for non-residential buildings, which reached 117.46, reflecting a 0.14% decrease compared to the previous month. Similar to residential buildings, raw material prices for non-residential constructions decreased by 0.24%, while equipment rental costs increased by 0.12%, and labour costs stayed unchanged.

In the case of skeleton buildings, the Construction Cost Index showed a more significant decrease, reaching 115.05, which is a 0.67% decline from January 2026. This was due to a 1.09% reduction in raw material costs. Equipment rental prices rose by 0.12%, with no change in labour costs and wages.

The Road Cost Index experienced a slight decrease of 0.08%, standing at 111.84 in February 2026. A 0.23% reduction in raw material prices contributed to this decrease, although the operating and maintenance costs of equipment saw a 1.07% increase, and equipment rental prices rose by 0.16%.

The Water Networks Cost Index also decreased, reaching 124.70, a 0.37% decline from the previous month. The Water Reservoirs Cost Index and Water Networks Cost Index dropped by 0.88% and 0.17%, respectively.

Conversely, the Sewage Networks Cost Index experienced a slight increase of 0.08%, reaching 113.35. This change reflects the dynamic nature of construction costs across different sectors in the West Bank during February 2026.