Increased timber prices and supply chain issues, exacerbated by Covid-19 and Brexit, have increased the cost of building materials needed for the construction of new homes, a new survey shows today.
The survey, carried out by the Irish Home Builders Association, finds that an average 3 bed semi-detached house of around 95sq/m could see a product inflation range of between €12,000-15,000 by the end of this year.
The results reveal an approximate price increase of 4% in bricks since December 2019 and increase of about 1% in 2021. The IHBA said that due to Brexit there has been large delays on bricks coming from the UK with congestion in customs and ports.