Construction Cost Index Soars: 26.03% Increase Over 9 Years

2023-06-26 22:03:23

Construction cost index

The construction cost index (ICC) for the first quarter of 2023, published by the National Institute of Statistics and Economic Studies (Rapid information from INSEE n° 161, June 23, 2023) is 2,077, or a increase of 6.62% over one year, 17.34% over three years and, above all, 26.03% over nine yearsmaking it possible to apply Article L. 145-39 of the Commercial Code, under which, « […] by way of derogation from article L. 145-38 [du code de commerce], if the lease is accompanied by a sliding scale clause, the revision may be requested each time, by the operation of this clause, the rent is increased or reduced by more than a quarter compared to the price previously fixed contractually or by court order. There…

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