Informations Rapides · 31 May 2024 · n° 141

In Q1 2024, prices of buildings' maintenance and improvement works were up by 0.4% over a quarter and by 1.4% over a year Buildings maintenance and improvement price index - first quarter 2024

In Q1 2024, buildings’ maintenance and improvement work prices –IPEA– went up moderately over a quarter (+0.4% after +0.4% in Q4 2023 and +0.3% in Q3 2023), with a slightly more pronounced rise in the non-residential sector (+0.6% after +0.7%) than in the residential sector (+0.5% after +0.2%).

Prices sped up for plumbing, heat and air-conditioning installation (+1.3% after +0.2%), and roofing (+0.6% after +0.5%). They bounced back for joinery installation (+0.5% after -0.4%).

Prices slowed down very slightly for floor and wall covering (+0.5% after +0.6%), “other specialised construction activities” (+0.4% after +0.6%), and more sharply for painting and glazing (+0.4% after +0.9%) and electrical installation (+0.3% after +1.1%).

Finally, prices were steady for plastering (0.0% after +0.2%) and fell back for “other construction installation” (-1.6% after +1.3%).

Year on year, buildings' maintenance and improvement work prices slowed down for the sixth consecutive quarter (+1.4% in Q1 2024 after +3.3% in the previous quarter). The price rise over a year was more pronounced in the non-residential sector (+2.1%) than in the residential sector (+1.0%).

Over a year, prices slowed down for all of the work categories.

The rise of prices was still marked in floor and wall covering (+2.5% after +3.3%) and plumbing, heat and air-conditioning installation (+2.4% after +4.1%).

It was more moderate for painting and glazing (+1.9% after +4.2%), roofing (+1.9% after +3.8%), as well as for plastering (+1.8% after +4.1%) and for electrical installation (+1.4% after +4.1%).

The categories for which the prices rose the most slightly over a year are joinery installation (+0.3% after +1.7%), “other construction installation” (+0.8% after +6.3%) and “other specialised construction activities” (+1.0% after +1.5%).

The quarterly change in the IPEA for the fourth quarter of 2023 is confirmed (after rounding), compared to the previous release: it still stands at +0.4%.