Tag Archive for prices

Building Costs in Ireland 2018

 

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

You can check our other articles in this series here.

Tender prices are still increasing in 2018, with construction inflation levels running well ahead of general inflation. This is fuelled by increasing demand, skills shortages, pressure on wage rates, increases in material prices and regulatory changes.

Linesight’s research shows that, on average, tender prices rose by approximately 7.5% during 2017 while construction input costs rose on average by 3%. Due to high ongoing demand this level of increase is likely to continue for the foreseeable future.

During 2018 Linesight  predicts that tender prices will increase by 7% on average.

The increase in tender prices, which we expect to continue, emphasises the importance of budgeting for future construction inflation in feasibility studies and cost plans.

 

Average Irish Construction Prices 2018

The average construction costs table is generated using Linesight’s Cost Database and sets out typical building construction costs.

(Click image to enlarge)

Average Irish Construction Costs 2018. Source: Linesight

 

Turner & Townsend‘s annual construction cost survey also provides an overview of construction costs in Ireland.

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International building costs per m2 of internal area, in 2018. 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 2018-2019 is 7%.

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Labour and Materials Prices, 2018. Source: Turner & Townsend

 

Construction wage rates, 2018. Source: Turner & Townsend

 

 

 

The latest monthly data from CSO recorded that building and construction materials prices showed an increase of 0.7% in June 2018, compared to a decrease of 7.5% in the year to July 2018. (Price Index June 2018: 105.5; Price Index June 2017: 114.1)

The most notable yearly changes were increases in Bituminous emulsions (+10.2%), Plaster (+6.9%) and Paints, oils and varnishes (+7.5%) while there were decreases in Sand and gravel (-17.9%), ready mixed mortar and concrete (-1.9%) and Concrete blocks and bricks (-1.5%).

 

Build Cost Calculator 

Selfbuild magazine has partnered up with ProntoCalc to provide the FREE Selfbuild Build Cost Calculator. You can try it here.

Selfbuild Build Cost Calculator

 

 

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

 

 

Irish Construction Costs 2017

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

You can check our other articles in this series here.

The Irish economy will continue to recover and the upturn in the construction industry is well visible.

A shortage of skilled labour has lead to an upward trend in tender levels.

Linesight’s research shows that, on average, tender prices rose by approximately 7% during 2016. Linesight predicts that tender prices will increase at a faster pace of 7.5% on average, due to the shortage of resources. Greater increases are expected in the Dublin area and this could be 9% or even higher for complex city centre projects.

SCSI reports that if price inflation continues to grow at the current level, it is anticipated that pricing levels will return to the levels last seen in 2006 and 2007 in the next few years.

 

Average Irish Construction Prices 2017

The average construction costs table is generated using Linesight’s Cost Database and sets out typical building construction costs.

(Click image to enlarge)

Average Irish Construction Costs 2017. Source: Linesight

 

Turner & Townsend‘s annual construction cost survey also provides an overview of construction costs in Ireland.

(Click image to enlarge)

International building costs per m2 of internal area, in 2017. 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 2017-2018 is 8%.

(Click image to enlarge)

Labour and Materials Prices, 2017. Source: Turner & Townsend

 

 

The latest monthly data from CSO recorded that all materials prices increased by 3.4% in the year since July 2016.

The most notable yearly changes were increases in Glass (+21.7%), Sand and gravel (+21.4%) and Plaster (+7.9%) while there were decreases in Other concrete products excluding precast concrete (-1.5%), Concrete blocks and bricks (-0.6%) and Other structural steel (-0.4%).

 

Guide to Rebuilding Costs in Ireland

The Society of Chartered Surveyors Ireland (SCSI) 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.

New SCSI House Delivery Cost Calculator Tool

SCSI have developed a useful online calculator for developers to perform an analysis tailored to their own developments.

Private/individual users should use this calculator cautiously. Professional fees, for example, will be considerable higher for private developments than they are for developer built schemes where the level of repetition is often high.

SCSI highlights that the actual construction costs or hard costs made up less than half of the total costs. The online calculator allows users to adjust each elemental component of both the hard and soft costs for themselves.

House Delivery Cost Calculator (screenshot). Source: SCSI

 

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

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.

(Click image to enlarge)

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.

(Click image to enlarge)

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%.

(Click image to enlarge)

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.

(Click image to enlarge)

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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