How much does it really cost to build a new house in Ireland?

Analysis: depending on who you ask, where you are and what's included, it can cost from an estimated €318,365 to €461,000

We need your consent to load this rte-player contentWe use rte-player to manage extra content that can set cookies on your device and collect data about your activity. Please review their details and accept them to load the content.Manage Preferences Firstly, the 'hard' construction costs from the SCSI are €224,730 and €257,645 , compared to €251,379 and €296,263 for local authorities. However, these local authority costs include normal site works, whereas the SCSI add an extra €55,000 per home for "site works and site development", largely closing the gap.

We need your consent to load this rte-player contentWe use rte-player to manage extra content that can set cookies on your device and collect data about your activity. Please review their details and accept them to load the content.Manage Preferences In other sectors, public and private organisations pay building contractors monthly, without the risk or cost of financing construction for long periods. Houses and apartments can also be designed to be built and occupied in small phases, so that finance can roll over, negating the need to finance entire developments in one go.

More broadly, capacity in the construction sector has still not recovered to Celtic Tiger levels. Typically every new home needs two new workers. Yet there are 30% fewer people employed across all sectors of construction now, only 167,400 compared to 242,000 in 2005. The sector is very fractured through sub-contracting and sub-sub-contracting, which in itself is a barrier to capacity building, recruitment, skills development and quality control.

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