Surge in the cost of building materials could add €15,000 to the price of a 3-bed semi
The cost of insulation materials have increased 13% since December 2019 and 12% since the start of 2021. Picture: iStock
Housebuilders in Ireland say the average cost of a new home could jump by between €12,000 and €15,000 by the end of the year due to the surge in prices for building materials including timber, bricks, insulation and concrete.
A survey carried out by the Irish Home Builders Association (IHBA) of its members has found that increased timber prices and supply chain issues, exacerbated by Covid-19 and Brexit, have increased the cost of building materials required for the construction of new homes.
