The latest Tender Price Index shows that construction tender prices increased by 2.9% in the second half of 2016.
The Society’s research found that prices increased by 6.3% for the year as a whole.
Prime office and retail rents in Dublin are expected to rise by 7% and 8% respectively in 2017, while residential development land values in the capital are expected to rise by 15% according to a new commercial property survey by the Society of Chartered Surveyors Ireland.
National property prices are set to rise by an average of 7% in 2017 with even higher price increases predicted for the Leinster region. According to the SCSI’s Annual Residential Property Review and Outlook Report 2017, the price of the most popular house type, the 3 bed semi detached is predicted to rise by an average of 9.4% nationally.
