Why does it cost so much to build an apartment?
It could cost up to €578,000 to develop a city centre apartment, which would then sell for around €383,000
You know things are out of kilter when the cost of building apartments exceeds the actual selling price in most parts of the country. Yet, that is the case in Ireland, where a string of recent reports found that it is simply financially untenable to build apartments.
It is yet another factor in Ireland’s chronic property crisis. But, given the need to get units on stream as quickly as possible to help address the housing...
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