Real cost to deliver analysis

[vc_row][vc_column width="2/3"][vc_column_text]2020 Updated Analysis of Real Market Data to Evaluate Viability & Affordability of New Housing Development.

Access the report: SCSI Real Cost of New Housing Delivery Report 2020

Key Report Findings:

The average cost of building a 3-bed semi in Greater Dublin Area is €371K

Construction or hard costs come to €179K, 48% of total

Soft costs - land, margin and VAT etc make up €192K or 52%

Over the last 4 years, hard costs have increased by 19% while soft costs have increased by 7%

Cost of site development works and new regulations cited as significant factors

Affordability gap for a couple on the average wage trying to buy a new 3 bed semi is €25K+

Surveyors call for establishment for a Commission on Housing to review the tax treatment of new housing and the cost impacts of public procurement and new regulations

Cost of delivering social housing is between €210 to €230K

Society calls for commencement of largescale public sector house building programme[/vc_column_text][/vc_column][vc_column width="1/3"][vc_single_image image="7561" img_size="full" alignment="center"][/vc_column][/vc_row][vc_row][vc_column][vc_video link="https://youtu.be/dVlv-bTamrk"][vc_empty_space][vc_single_image image="7589" img_size="full" alignment="center"][/vc_column][/vc_row]