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Bangkok Post
Bangkok Post
Business

FORGOTTEN HISTORY: Cost to build homes up 5 3 | History Defined

Steel rods at a construction site in Bangkok. The Russian invasion has resulted in a steel shortage in the global market.

The average cost of constructing a home rose 5.3% year-on-year in the first quarter of 2022 as a result of the Russia-Ukraine war, according to Vichai Viratkapan, acting executive director of Real Estate Information Center.

Service fees in the category of construction design and system works increased, particularly for structural engineering.

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