{"id":3930,"date":"2018-08-17T10:17:51","date_gmt":"2018-08-17T10:17:51","guid":{"rendered":"http:\/\/isabelbarrosarchitects.ie\/blog\/?p=3930"},"modified":"2019-09-02T08:53:59","modified_gmt":"2019-09-02T08:53:59","slug":"building-costs-ireland-2018","status":"publish","type":"post","link":"https:\/\/isabelbarrosarchitects.ie\/blog\/building-costs-ireland-2018\/","title":{"rendered":"Building Costs in Ireland 2018"},"content":{"rendered":"

THIS ARTICLE IS OUTDATED<\/span> – Click here<\/a> for our most recent post about Construction Costs in Ireland (2019).<\/p>\n

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Every year we share useful information to guide you on the costs<\/a> for your construction project in Ireland. This will help you to estimate an approximate figure for your building costs.<\/p>\n

You can check our other articles in this series here<\/a>.<\/p>\n

Tender prices are still increasing in 2018,\u00a0with construction inflation levels running well ahead of general inflation.\u00a0This is fuelled by increasing demand, skills shortages, pressure on wage rates, increases in material prices and regulatory changes.<\/p>\n

Linesight\u2019s<\/a> 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\u00a0is likely to continue for the foreseeable future.<\/p>\n

During 2018 Linesight <\/a>\u00a0predicts that tender prices will increase by 7% on average.<\/p>\n

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.<\/p>\n

Average Irish Construction Prices 2018<\/span><\/strong><\/p>\n

The average construction costs table is generated using Linesight\u2019s Cost Database and sets out typical building construction costs.<\/span><\/p>\n

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Average Irish Construction Costs 2018. Source: Linesight<\/p><\/div>\n

Turner & Townsend<\/a>‘s annual construction cost survey also provides an overview of construction costs in Ireland.<\/p>\n

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International building costs per m2 of internal area, in 2018. Source: Turner & Townsend<\/p><\/div>\n

Labour rates and Construction Materials Prices<\/span><\/strong><\/p>\n

Turner & Townsend<\/a>‘s annual construction cost survey provides labour costs and also the prices for some materials. Their cost escalation forecast for 2018-2019 is 7%.<\/p>\n

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Labour and Materials Prices, 2018. Source: Turner & Townsend<\/p><\/div>\n

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Construction wage rates, 2018. Source: Turner & Townsend<\/p><\/div>\n

\u00a0<\/u><\/strong><\/p>\n

The latest monthly data from\u00a0CSO <\/a>recorded that\u00a0building and construction materials prices showed an increase of 0.7% <\/strong>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)<\/p>\n

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%),\u00a0ready mixed mortar and concrete (-1.9%) and Concrete blocks and bricks (-1.5%).<\/p>\n

Build Cost Calculator\u00a0<\/span><\/strong><\/p>\n

Selfbuild<\/a> magazine\u00a0has partnered up with ProntoCalc to provide the FREE Selfbuild Build Cost Calculator. You can try it here<\/a>.<\/p>\n

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Selfbuild Build Cost Calculator<\/p><\/div>\n

Typical Exclusions<\/span><\/strong><\/p>\n

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<\/a>.<\/p>\n

Architect’s fees will vary based on a number of factors ranging from size and\u00a0complexity to level of the service required. These two articles provide some guidelines:<\/p>\n