Housing

Construction inflation to carry mica redress costs over €3bn

New estimates from an expert group show a rise of up to 15% in the cost of rebuilding houses damaged by mica, pyrite and other materials

The cost of the mica redress scheme is likely to top €3 billion due to rising construction inflation. Picture: RollingNews.ie

The government’s mica redress scheme is now likely to cost taxpayers at least €3 billion, as new figures show soaring construction inflation is significantly adding to the cost of rebuilding houses impacted by defective blockwork.

Data published by the Society of Chartered Surveyors Ireland (SCSI) shows experts believe the cost of rebuilding a house in Donegal and Mayo – where thousands of houses are severely damaged by mica, pyrite and other materials – has risen ...