Developers 'gouging' councils by charging up to €100k extra on apartment builds

Dublin City Council has been charged up to €372,842 for a two-bed apartment – €100,000 more than the average construction price, according a new report

New data reveals the price of construction for a two-bed apartment is between €219,000 and €262,000. Picture: Pexels

Constructions companies have been accused of "price gouging" local authorities by claiming up to €100,000 extra on construction costs for social developments.

Sinn Féin's housing spokesperson Eoin Ó Broin has said new figures show construction companies are now charging Dublin City Council considerably more in construction costs than they claim for private developments.