There’s an outfit called Turner & Townsend that measures construction costs in 33 cities around the world every year. They measure two categories of costs: inputs, and outputs. Construction inputs include wages, concrete, glass and paint. Construction outputs are the all-in cost per square metre to develop different types of buildings: houses, apartments, offices and warehouses, for example. The most recent Turner & Townsend report was released recently. What the report shows is an odd disconnect in Dublin construction costs. In Dublin, inputs such as wages and glass are cheaper than in the three other European cities studied – Amsterdam, Munich…
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