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
