Rising cost of construction materials to mean ‘some pain for everybody’ – Nama chief

McDonagh says spiralling construction prices a global issue and not just a problem for Ireland

15th June, 2021
Rising cost of construction materials to mean ‘some pain for everybody’ – Nama chief
Brendan McDonagh, the Nama chief executive, said some material prices are up 10 to 15 per cent so far this year. Picture: Chris Bellew/Fennell Photograph

The current inflation in the cost of construction materials will mean “some pain for everybody” and will result in higher house prices, the chief executive of Nama has said.

“Some materials prices are up 10 to 15 per cent so far this year. The question is where is that cost inflation going to be absorbed?” Brendan McDonagh told the Business Post.

“Some will have to be absorbed by those selling the...

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