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Cost per square meter

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  • 05-11-2009 8:55pm
    #1
    SLUSK
    Closed Accounts Posts: 1,156 ✭✭✭


    What is the average cost of a house in Ireland per sqm? I mean if you take into account of the cost of buying the land and building a house what would be the average cost per sqm of a new house?


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    #2
    Victor
    Registered Users Posts: 78,385 ✭✭✭✭Victor


    Its a "how long is a piece of string?" question.

    Are you actually planning to build?

    Land can cost anything from €1/m2 to €7,000/m2.

    You might build a basic house for under €1,000/m2, but €2,000/m2 is a more realistic figure. You could if you wanted spend €20,000/m2


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    #3
    SLUSK
    Closed Accounts Posts: 1,156 ✭✭✭SLUSK


    Victor wrote: »
    Its a "how long is a piece of string?" question.

    Are you actually planning to build?

    Land can cost anything from €1/m2 to €7,000/m2.

    You might build a basic house for under €1,000/m2, but €2,000/m2 is a more realistic figure. You could if you wanted spend €20,000/m2
    This is why i asked for an average figure of a standard home.

    My parents build a house of better standard that I have seen in Dublin for about €1500 per sqm and this also includes the cost of the land they bought.


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    #4
    Victor
    Registered Users Posts: 78,385 ✭✭✭✭Victor


    SLUSK wrote: »
    €1500 per sqm and this also includes the cost of the land they bought.
    Utterly meaningless, indeed moronic figure.


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    #5
    SLUSK
    Closed Accounts Posts: 1,156 ✭✭✭SLUSK


    Why is this a meaningless figure?


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    #6
    ei.sdraob
    Closed Accounts Posts: 9,376 ✭✭✭ei.sdraob


    SLUSK wrote: »
    What is the average cost of a house in Ireland per sqm? I mean if you take into account of the cost of buying the land and building a house what would be the average cost per sqm of a new house?

    i could give you some rough figures i know of a case this year

    1 acre in athenry area 60K, house build up to roof with velux windows about 70K

    about 70-80K to finish to average standard, that wouldn't include work that would need to be done on garden or furniture

    4bed 200sq m + another 80sq m large attic

    so thats about 750 a sq m


    but of course prices for land vary wildly per location, and in alot of cases there are strings attached to permission


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    #7
    ei.sdraob
    Closed Accounts Posts: 9,376 ✭✭✭ei.sdraob


    seems some places in roscommon are selling below building cost altogether

    roll-on da recession

    http://www.daft.ie/1338729


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    #8
    MG
    Closed Accounts Posts: 823 ✭✭✭MG


    The PTSB/ESRI sales index is at about 230k at the moment (about 25% down from peak).......if prices were to fall 40% from peak this index would be back to 180-190 ish. Assuming that a average house in the index is 100 sq m (reasonable as the 3 bed semi index used to reasonably track the overal index). You'd expect the average cost fall back to track this to some extent. Less a margin of say 20% and you are at ball park 1500 per sqM.

    Rule of thumb stuff only however.....plenty of variables, not least the fall from peak.


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