Committee to be told concrete levy will add €1,200 to cost of new three-bed home

The 5% levy will add approximately €400 - €700 to the cost of an apartment unit, the council will also hear

Minister for Finance Paschal Donohoe will disagree with the SCI price increase estimates. Picture: Gareth Chaney/Collins Photos

The Government's concrete levy will add €1,200 to the cost of a new three-bed home, an Oireachtas committee will be told on Wednesday.

The controversial levy was first announced in the Budget at 10% but was revised down to 5% by Finance Minister Paschal Donohoe in the Finance Bill, after backlash from backbench Government TDs.