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Cost to develop Dublin city apartment as much as €619,000

The cost of delivering a two-bed apartment in Dublin ranges from €359,000 for a low-rise unit in the suburbs to as much as €619,000 for a high-rise unit in the city centre, according to a report from the Society of Chartered Surveyors Ireland (SCSI).

The figures, based on data obtained from 49 developments in Dublin last year, suggest the “bricks and mortar” element of construction on average accounted for less than half (47 per cent) of the overall cost of building an apartment.

The so-called “soft” construction costs – land, development levies, professional fees, VAT, developers’ margins – accounted for the remainder.

The SCSI’s Real Costs of New Apartment Delivery 2020 report feeds into an increasingly heated debate about the cost of construction in Ireland.

Read the full details in the Irish Times

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