Will it ever be as cheap to build as it is now?

Slideshowbob

Has it got as cheap as it will be to build as it ever will be?

If we can assume building costs have reduced significantly in the past few years?

Also, take material costs; say a brick; will the energy it costs to produce that brick in the future cost more due to oil availability becoming scarce? hence pushing up material costs?

I'd imagine the energy from oil / gas is ideal to produce such items as bricks and steel etc. other energy types (nuclear, wind, wave) would not be as intense?

Also with the availability of cheap credit to build having disappeared - have we reached near enough our maximum property stock in Ireland?

Is it time to go out and buy cheap property? doh no cheap credit!!!

Time Magazine

Moving this from Economics. OP: I doubt you'd get much of a response from the Economics forum, contrary to popular belief economists do very little forecasting about land values!

Joey the lips

i doubt this qustion can be answered in any section alone as it take in energy costs raw materials, availability of money,labour issues.

But to answer a direct question. I doubt labour will ever be as cheap but materials will eventually go up

So no it will never be as cheap if materials go up and yes it will if min wage goes down.