Construction costs rising at Celtic Tiger rates, say surveyors

Society of Chartered Surveyors Ireland sees no let-up in the pace of price hikes

'It's clear the cost increases will also affect the cost of delivery of new homes as well as refurbs and extension to existing homes,' said the surveyors. 

Construction inflation, at over 8%, has doubled since the onset of the Covid pandemic and is running at Celtic Tiger rates, according to Irish chartered surveyors.  

The Society of Chartered Surveyors Ireland (SCSI) also sees no let-up in the pace of price hikes any time soon, and warns that although its survey applies to commercial buildings there is nonetheless a direct read across to the prospects for inflationary costs for new homes, and the costs of doing up existing properties.