Rising Rebuild Costs in Ireland: Time to Check Your Property Insurance

If you’re a homeowner or landlord, now’s a great time to double check that your property is adequately insured. Rebuilding costs are on the rise, which means your current level of cover might not be enough.

According to the most recent House Rebuilding Guide from the Society of Chartered Surveyors Ireland (SCSI), the average cost to rebuild a home in Ireland, including demolition and site clearance, has gone by 6.3%. In Dublin, the increase was a bit lower at 3%, but it still remains the most expensive region for rebuild costs.

There are a few reasons for the current price hikes, including global supply issues, U.S. tariffs, the war in Ukraine, and rising energy costs. On top of that, labour-intensive jobs are getting more expensive due to skilled trade shortages in areas like plumbing and electrical contractors. Demand for tradespeople is at an all-time high, and recent levies on concrete and waste disposal are also pushing up construction costs.

Even if you’re not buying or selling a house, these rising costs matter, especially if your property insurance is due for renewal. You’ll want to make sure your policy reflects the correct rebuild cost for your property type and location.

If the worst were to happen and you had to rebuild or carry out major repairs, having the right insurance in place means you’ll be financially protected. It only takes a few minutes to use the free SCSI Home Rebuild Calculator, and it can save you a lot of hassle down the road. If the numbers have changed, it’s a good idea to get in touch with your insurer.

Also, if you’ve added an extension, a new bathroom, an office building in the garden, or made any significant changes since your last renewal, don’t forget to factor those in, too. Taking a few minutes now could make a big difference later.

If you are searching for affordable home insurance, you have come to the right place. At Compare Insurance Ireland, you can compare cheap property insurance quotes in Ireland. Alternatively, give us a quick call on 042 935 9090 and we’ll be happy to help!