building costs

PHOTO:123RF Construction could see prices go up for larger, complex projects but ease slightly for residential and commercial.

Construction may be heading into a downturn, but the jury is out on whether the cost of construction will go up or down.

Government support for the construction sector might not be enough to stop prices dropping, according to a recent report by construction project consultants Rider Levett Bucknall.

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But there were multiple factors at play, it said.

Price falls could occur if demand and supply got out of line, particularly for non-infrastructure projects, if the Government spend-up on ”hammer-ready” vertical construction was insufficient. It would not be clearer until the end of May.