The cost of delivering new homes in Dublin ranges from over €330,000 for a two-bed townhouse to more than €460,000 for a two-bed apartment.
That's according to a report for Irish Institutional Property, a lobby group for institutional investors.
It says construction costs alone for a two bedroom house in Dublin's outer city or suburbs are €158,000.
However this rises to a final price tag of €330,000 when costs such as planning, finance and VAT are added.
For apartments, construction costs are higher at €225,000 per unit, rising to over €300,000 when legal, planning and finance costs are included.
The addition of VAT, levies and equity sees the final cost rise to over €463,000.
Commenting on the findings, CEO of Irish Institutional Property, Pat Farrell, said;
“When discussing housing policy, and proposing solutions to the housing crisis, it is important to be aware of the facts. Our report spells out the components of the price of housing, why prices are high, and the costs that need to be tackled to reduce prices for buyers."
He went on to say that;
"We hope that the data will help drive an informed debate on the issue and mitigate against some misunderstandings about the realities of home building here. Some recent commentary, and some proposals on how best to drive the delivery of a greater number of homes, are based on an improper understanding of these realities."
