The following are the average costs for the range of differently sized social housing units in terms of both construction costs and ‘all-in’ costs. These are based on the analysis of returned data from tendered social housing schemes over an extended period.
Due to the very low level of capital investment in social housing construction during many of the years in question it is not possible to provide a representative average figure for each year.
The construction cost figure is reflective of building costs (including VAT) and also includes normal site works and site development. All-in cost includes cost of construction, land cost, professional fees, utility connections, site investigations/surveys, archaeology where appropriate, VAT and contribution to public art. Abnormal costs are excluded from these figures.
My Department will continue to maintain a clear focus on delivering overall value for money on both the construction and all-in costs of social housing projects.