How much longer will rebuilding costs keep rising?

The cost of building materials increased by 25% on average in the UK last year and continue to rise, which begs the question… how long will rebuilding costs keep on going up?

Recent Government figures have shown that building materials prices went up by as much as a quarter of their 2021 average last year. The latest Building Materials and Components Statistics bulletin also showed an increase of almost 55% since 2015. It should be noted these figures exclude labour costs and professional fees.