Build costs compared to 2021

[Haylingbilly]

I built my last house starting in May 2021 and finished April 2022 and now have the opportunity to buy a plot with to build an almost identical house. I managed to build for around £2000 a square meter. I am hearing some scary numbers being mentioned for current build costs 50-75% more which sounds unbelievable. Based on building to a similar spec, what do you think I should allow for build costs for this next project?

(I am based in Farnham, Surrey, if that helps)

And where is the increase coming from - materials or labour?

[nod]

We finished our previous home in 2021 also 815 M2 

and have almost finished our next 

When we started two years ago Prices and availability where ridiculous When many cashing in on shortages of labour and materials 

Things have definitely settled down 

We are still coming in at under 1000 m2 Built to a very good spec 

Beware It’s not uncommon for the same product to be double the cost between different suppliers 

Good luck 

[Haylingbilly]

On 10/10/2024 at 18:26, nod said:

We finished our previous home in 2021 also 815 M2 

and have almost finished our next 

When we started two years ago Prices and availability where ridiculous When many cashing in on shortages of labour and materials 

Things have definitely settled down 

We are still coming in at under 1000 m2 Built to a very good spec 

Beware It’s not uncommon for the same product to be double the cost between different suppliers 

Good luck 

Thank you, that seems a more realistic increase - still 23% but nowhere near as bad as 50-75%!

[Firsttimer]

We are looking at around £3k a square metre now.  Back in 2019 / 2020 my spreadsheets were at about £2k a m 2. Materials were the big thing that got us.