WILLEMSTAD – Construction costs in Curaçao are expected to increase significantly in 2025 as companies continue to face rising material and transportation expenses.
According to the CBCS survey, a majority of construction firms anticipate inflationary pressures in the coming year. Most expect building material prices to increase by at least five percent, with none forecasting price reductions.
Transportation costs, both international and local, are also projected to rise. Companies cite shipping expenses, global supply chain disruptions and geopolitical tensions as key drivers of higher prices.
Residential construction is expected to experience notable price increases, with a substantial portion of firms anticipating double-digit cost growth. Rising material prices and skilled labor shortages are identified as the main factors behind these increases.
Non-residential construction follows a similar trend, suggesting that public infrastructure projects and private developments alike may face higher budgets in the coming year.