Brian Stanley (Laois-Offaly, Sinn Fein) | Oireachtas source

I have a question about the cost per unit. Ms Deering mentioned a figure of more than €400,000 for an apartment. The cost per unit as of 31 December 2020, based on the HBFI's section 24 review, shows the average cost per home for those developments with more than ten units. This is approved funding. I understand that does not take into account the full fund, but covers more than 80%. It works out at €169,505 per unit for developments of more than ten units. That indicates to me that the figure is far less than €400,000. It is €202,000 for construction sites with fewer than ten units. The cost of more than €400,000 to build an apartment over the period of those loans is out of kilter with the cost on the ground.