Fresh warnings of house price hikes amid concern over building materials inflation

Figures in the Irish construction industry have warned that the rising cost of timber, concrete and steel will translate into higher costs for housing next year

29th August, 2021
Fresh warnings of house price hikes amid concern over building materials inflation
A construction site in Co Kildare: the price of building materials is set to have an impact on house prices in 2022. Picture: RollingNews

The Irish construction industry has issued fresh warnings that the cost of newly built homes are set to rise next year due to ongoing price inflation for materials such as timber, concrete and steel.

In the past week, a number of construction firms and building materials providers have all pointed towards the inflation in materials costs, which is being driven by supply shortages for key commodities, a resurgence in demand from the construction sector as...

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