Independent audit to be carried on housing construction costs paid by Dublin City Council The inquest has been launched following a Business Post report that council executives were concerned a ‘premium price’ was being charged to the local authority 21st April, 2021
Concerns emerged after a Society of Chartered Surveyors Ireland report suggested the local authority has paid building contractors roughly €100,000 more per unit than the private market rate to develop apartments. Picture: Getty
An independent audit will be carried out on housing construction costs paid by Dublin City Council following concerns raised about prices being paid to private building contractors.
Kildare fetched the highest land prices in 2020.
Land prices are predicted to rise by up to 8% on average this year, underpinned by a rise in farm incomes as well as strong demand and reduced supply, according to the Teagasc agricultural land market review and outlook report 2021.
According to the Society of Chartered Surveyors Ireland (SCSI), 2021 demand for rented ground remains strong, with rents this year expected to rise by 8% in Leinster, 5% in Munster and 6% in Connacht.
The market experts say that restrictions on viewings due to lockdown led to a decrease in the volume of sales during 2020, as prospective sellers opted to defer their plans to sell.
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Kildare fetched the highest land prices in 2020.
Land rental prices are predicted to rise by up to 8% on average this year, underpinned by a rise in farm incomes as well as strong demand and reduced supply, according to the Teagasc agricultural land market review and outlook report 2021.
According to the Society of Chartered Surveyors Ireland (SCSI), 2021 demand for rented ground remains strong, with rents this year expected to rise by 8% in Leinster, 5% in Munster and 6% in Connacht.
The market experts say that restrictions on viewings due to lockdown led to a decrease in the volume of sales during 2020, as prospective sellers opted to defer their plans to sell.
The main findings:
Land prices forecast to rise by 4% on average in 2021
National average non-residential prices ranged from €5,900 per acre for poor quality to €9,381 for good land in 2020
The most expensive land was in Kildare where good quality land fetched an average of €13,600 per acre
The cheapest was in Leitrim where poor quality land was valued at an average of €3,250 per acre
Land rental price increases of 8% are predicted for Leinster this year while the figures are 5% and 6% for Munster and Connacht
While Covid had minimal impact on agricultural commodity prices, public health restrictions on viewings and auctions have led to deferral of land sales