Building Costs in Ireland 2016

Every year we share useful information to guide you on the costs for your construction project in Ireland. This article will help you to estimate an approximate figure for your building costs.

You can read our other articles in this series here.

Following the difficult years of the global financial crisis Ireland is now the fastest-growing economy in the EU. Overall construction output in 2016 is expected to improve by 2.6%.

Demand for construction activity continues to rise but the industry will continue to face resourcing challenges to meet demand.

 

Average Irish Construction Prices 2016

The average construction costs table is generated using Bruce Shaw’s Cost Database and sets out typical building construction costs. Bruce Shaw’s database is the largest construction cost database in Ireland.

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Bruce Shaw Construction Prices 2016_1

Bruce Shaw Construction Prices 2016_2

Average Irish Construction Costs 2016. Source: Bruce Shaw

Bruce Shaw Construction Prices 2016_notes

 

Turner & Townsend‘s annual construction cost survey provides a comprehensive and detailed overview of construction costs in Ireland, in 2016.

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Turnerandtownsend1

International building costs per m2 of internal area, in 2016

International building costs per m2 of internal area, in 2016. Source: Turner & Townsend

 

Labour rates and Construction Materials Prices

Turner & Townsend‘s annual construction cost survey provides labour costs and also the prices for some materials. Their cost escalation forecast for 2016-2017 is 6%.

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Turnerandtownsend_Material and labour 2016

Labour and Materials Prices, 2016. Source: Turner & Townsend

 

 

The latest monthly data from CSO recorded that all materials prices increased by 1.1% in the year since July 2015.

The most notable yearly changes were increases in Sand and gravel (+11.0%), Stone (+8.3%) and Fabricated metal (+7.4%), while there were decreases in Copper pipes and fittings (-4.2%), Glass (-4.1%) and Ready mixed mortar and concrete (-2.0%).

 

Guide to Rebuilding Costs in Ireland

The Society of Chartered Surveyors publishes every year a guide to rebuilding costs in Ireland. This guide is intended to assist in insuring a house and the costs included are based on building rates as of June 2016.

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SCSI Rebuilding Costs 2016

Table of Rebuilding Costs June 2016. Source: Society of Chartered Surveyors.

SCSI Rebuilding Costs 2016_notes

 

SCSI also provides a House Rebuilding Cost Calculator here. This calculator can be used as a guide to give you a minimum base cost for your construction project.

 

Typical Exclusions

There are a number of other expenses that you should also consider when estimating your project. See some of the exclusions that may apply to your project here.

Architect’s fees will vary based on a number of factors ranging from size and complexity to level of the service required. These two articles provide some guidelines:

Additionally, you may also need to allow for:

  • Design Certifier Fees
  • Assigned Certifier fees

 

Check out our other articles in this series

 

 

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4 comments

  1. This is really valuable information on how to calculate our construction cost in Ireland. Thanks for sharing!

  2. Edvinas says:

    Very valuable post Isabel! thank you for sharing this every year!

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