Commercial building cost inflation eases to third of pre-Covid levels Society of Chartered Surveyors Ireland says latest figures reflect massive impact Covid is continuing to have on the sector
about 4 hours ago
The rate of inflation for commercial building costs eased last year to 2.2 per cent, to about a third of the level of 2019 before the Covid-19 pandemic, according to the Society of Chartered Surveyors Ireland (SCSI).
The SCSI’s latest tender price index showed that construction price inflation increased by 1.3 per cent in the second half of 2020, a modest increase on the 0.9 per cent recorded in the previous six months. The index excludes residential construction prices.
Cost of commercial construction highest in Connacht and Ulster
Reporter:
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The cost of building commercial property is increasing faster in the North West than anywhere else in the country.
The latest Tender Price Index from Chartered Surveyors Ireland shows an inflation rate of 2.2% last year which is significantly lower than the figure from 2019.
It’s the only independent assessment of the cost of building commercial properties in Ireland.
The Connacht-Ulster region saw the biggest rise at 2.1% while Leinster excluding Dublin saw the lowest at 0.5%.
The rate for Dublin and Munster was 1.5% and 1.1%.
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New report shows agri land prices in Kilkenny range from €8,000 to €12,300 per acre
Reporter:
sian.moloughney@kilkennypeople.ie
New report shows agri land prices in Kilkenny range from €8,000 to €12,300 per acre );
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SCSI auctioneers and valuers say land prices remained resilient last year despite the threat posed by Covid and are predicted to rise by 4% on average this year, underpinned by a rise in farm incomes as well as strong demand and reduced supply.
The main findings: Land prices forecast to rise by 4% on average in 2021 Leinster average non-residential prices under 50 acres ranged from €7,400 per acre for poor quality to €11,200 for good land in 2020
Donegal land prices the highest in Connacht / Ulster at €9,500 per acre - new report finds
Covid had led to a reduction in the volume of sales
Land prices );
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Donegal land prices are the highest in the border region at €9,500 per acre - new report has found.
According to the Society of Chartered Surveyors Ireland / Teagasc Agricultural Land Market Review and Outlook Report 2021 the average price in Connacht / Ulster of an acre of non-residential poor-quality land under 50 acres last year was €4,600 while the average price of an acre of good quality land was €7,900.
The report found that prices for good land under 50 acres in the region ranged from an average of €9,500 per acre in Donegal – the highest in the region - to €6,500 in Monaghan, and for poor land from €5,750 in Monaghan to €3,250 in Leitrim, the lowest price in the country. The average price of an acre of poor-quality land under 50 acres in Donegal was €4,250.