Construction Inflation Is Now Running At 8.3%.

Monday, 11 October 2021 09:17

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

More from National News

€20m For Kildare Roads - Safety Works Included Across 17 Sites, Including Dag Welds Cross

Upgrades are also planned on routes near Leixlip, Maynooth, Rathangan, Carragh, Naas and the Curragh, alongside €38,500 for renewed regulatory road markings at some junctions.
Department Of Education Pauses Review Into SNA Allocations

It follows complaints from schools and parents, reporting a reduction in the number of available posts
Owners Get Large Tax Breaks For Letting Public View Art And Cultural Assets - But No List Exists

Speaking on Kildare Today, Kildare North Social Democrats TD said there could be important cultural items in Kildare that the public are not even aware of despite the owners potentially benefiting from a tax break.
Learner Driver’s "Big Shop" Raises Garda Eyebrows In Newbridge

During the check, officers uncovered a significant haul of suspected stolen property inside the car.
M9 Park-and-Share Plans For South Kildare Await Talks With Private Landowners That Are Yet to Begin

In contrast, a similar facility at Junction 5 in Rathcrogue, County Carlow, is further advanced because the land there is already publicly owned.
Search For Clues In Deirdre Jacob And Jo Jo Dullard Cases Enters Second Day

Excavators were brought into a quarry between Blessington and Baltinglass yesterday to search for clues about the killings of the women in the 1990's.
Moore Abbey Site Identified For New Monasterevin Fire Station Subject To Land Acquisition

Kildare County Council has reached agreement in principle on a site within the grounds of Moore Abbey - although the move remains subject to the formal acquisition of the lands.
Kildare Homes Getting €600 Ukraine Hosting Payment Nearly Triple As National Spend Tops €424 Million

Since the programme launched in July 2022, more than €424 million has been paid to roughly 27,500 recipients hosting over 63,500 people.