Real Cost of New Housing Delivery 2023 Report

Real Cost of New Housing Delivery 2023 Report

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  • Research and Reports

The SCSI Cost of New Housing Delivery Report provides real figures on the average delivery costs for three bedroom semi-detached houses constructed in the private sector. The report provides a breakdown of all costs, affordability and viability analyses and key recommendations for policymakers.

Key findings from the Report

  • The average cost of delivering a new 3-bed semi in Ireland ranges from €354K in the Northwest to €461K in the Greater Dublin Area
  • Costs in the GDA have increased on average by 24% or €90K since the last report over three years ago and by 39% since the first report in 2016
  • Nationally, the average cost of delivering a 3-bed semi is €397K
  • Excluding Dublin, the average cost across the rest of Ireland is €386K
  • As a national average, hard costs which include materials and house building costs make up 53% of overall delivery costs
  • Soft costs – land, margin, levies, finance costs, VAT, etc – make up 47%
  • The report shows that the combined minimum salary levels required to purchase a new 3 bed semi in the Greater Dublin area is €127K, on average
  • The corresponding figure in the Northwest is €85K
  • Higher energy, fuel and building material prices are driving hard cost increases
  • Soft cost increases are due to land costs, higher finance costs due to interest rate increases and uplift in professional fees
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