‘I don't know where it ends’: Social housing body quoted €500k per apartment unit

Tuath’s chief executive said that rising construction costs nationwide puts the delivery of affordable homes at risk

Tuath, the social housing body, says it is being quoted €500,000 by developers to build a two-bed apartment unit. Picture: Getty

Tuath Housing has warned apartment costs are significantly increasing year-on-year, with the social housing body now being quoted more than €500,000 for two-bed units by developers.

Sean O'Connor, chief executive of Tuath, said the government needs to focus on deflation of property prices to ensure the future delivery of social and affordable homes over the coming years.

“Developers coming to us 18 months ago on schemes might have started with a €400,000 price for a ...