Apartment construction costs jump €25,000

Hard costs of building a two-bed, medium-rise suburban apartment is now over €240,000, report found

The company said it expected general construction inflation to fall back to between 5% and 7% this year followings its rollercoaster 2022 that saw prices of key materials jump by 12%. Picture: Eddie O'Hare

The construction costs of an average two-bed apartment increased by 9.6%, or between €21,000 to €25,000 last year according to a new report. 

Consultants Mitchell McDermott found the hard costs of building a two-bed, medium-rise suburban apartment is now over €240,000.