There are a number of variables in terms of estimating the cost of providing social housing units e.g. form of delivery, size of unit, land, funding, etc.
The Rebuilding Ireland Action Plan is based on a blended approach to delivery, under which there are a range of delivery mechanisms such as building, leasing and acquisitions. Over 50,000 social housing homes are targeted for delivery over the life of the Plan, and an additional 88,000 households will have their housing need met through Housing Assistance Payment and the Rental Accommodation Scheme. Funding of €6 billion is being provided to support the delivery of Rebuilding Ireland's social housing ambition.
In terms of construction and 'all-in' costs, the averages for a range of differently sized social housing units, based on full capital costs, are set out in the following table. These are based on the analysis of returned data from tendered social housing schemes over an extended period. Construction cost 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.
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1 bed
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2 bed (1 storey)
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2 bed (2 storey)
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3 bed
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4 bed
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Construction
|
€155,818
|
€165,132
|
€174,206
|
€184,685
|
€199,491
|
All-in
|
€201,359
|
€212,624
|
€222,582
|
€234,571
|
€252,047
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