Dublin ranks sixth in the world for building costs
The ongoing boom in the development of offices, student accommodation and the rapid growth of the build-to rent (BTR) residential sector is making Dublin rise as the sixth most expensive place globally to build. It also continues to put pressure on labour and resources.
New York City remains the most expensive location. New York is followed by San Francisco, Hong Kong, Zurich and London. It is analysed that the pressure on prices is put by Strong GDP growth supported by increasing domestic demand for new development which has driven a surge in construction activity in Dublin.
Dublin is one of the city where construction activity and costs are forecasted to increase this year.