Real cost to deliver analysis

Real cost to deliver analysis

SCSI Real Cost of New Housing Delivery Report 2020

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

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