High construction costs are now permanently etched into Irish homes and put targets at risk

According to a new Treasury Department analysis, high construction costs are now built into the Irish housing market and ‘are not likely to come down significantly – even in the event of an economic downturn’.

In a new note from Economic Insights, Department economists say Covid- and Brexit-related supply disruptions have pushed up the cost of building a home by 13 per cent in 2021 – and that price hikes this year have been driven by the war in of Ukraine and the energy crisis have gotten worse.

https://www.independent.ie/business/irish/high-building-costs-are-now-baked-into-irish-housing-permanently-putting-targets-in-jeopardy-41849635.html High construction costs are now permanently etched into Irish homes and put targets at risk

Fry Electronics Team

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