DCC being charged €100,000 more per home by developers

Dublin City Council is being overcharged on social housing by developers, a report reveals.

The report, which was published by the Society of Chartered Surveyors Ireland, found that DCC is paying up to €100,000 more per home than what it costs to build.

Sinn Féin’s Dublin housing spokesperson councillor Daithí Doolan said “this greed,” by developers “cannot go unchallenged.”

“The report outlines that construction costs for a two bed apartment ranges from €219,000 To €262,000.

“This clearly contradicts the figures in a report issued last month by Dublin City Council which confirmed developers were charging City Council between €303,635 and €372,842 to build a 2 bedroom apartment.

“Clearly private developers are forcing Dublin City Council to pay an extra €100,000 for every social home they build.

“This is having a hugely negative impact on our ability to deliver social and affordable housing. This is directly contributing to the housing crisis.

“This price fixing is wrong. It is unacceptable. The Minister for Housing must take immediate action to ensure this greed is immediately stopped.”