The Society of Chartered Surveyors says surging prices of concrete, steel and timber are driving up costs
Inflation in the price of construction is now running at 8.3% -- close to the record levels seen during the Celtic Tiger.
That's according to the Society of Chartered Surveyors, which says hold-ups in international shipping have led to "exceptional" increases in the price of materials.
The society's vice-president Kevin James says the consensus among industry professionals is that the cost of materials will ease next year.
But he says rising labour costs won't be going away soon.
Kevin James says strong post-pandemic demand has fueled competition for a limited supply of building materials
:
Gardaí Launch 244 Investigations Into Grok AI Images
660,000 Fewer Cars Trips Each Day As Active Travel Rises
IFA Ends Bord Bia Protest As Governance Review Agreed
HAP Tenants ‘Won’t Keep Up’ Without Reform, Says Threshold
New Research Strategy to Power Ireland’s Next Economic Model
Minister Heydon Accuses IFA Of Misleading Farmers In Bord Bia Dispute
BREAKING: Social Democrats Cllr Pat Balfe Announces Resignation From Social Democrats Party
Liam And Lily Were The Most Popular Baby Names In Kildare Last Year
