Ah, but do you build them to current standards?
Bit of a stupid question. Why wouldn't I be building to the current standards? If you understand the process of building a house perhaps you could explain why I would be building sub-standard housing. For your information I've been building passive standard houses that far exceed the current standards for the simple reason that's what my clients want and that's what I specialise in.
Ps - does your 90k figure include costs for access roads, electricity and gas connections, vat, development levies, professional fees and finance costs?
Cost of access roads depends on the size of the site so how long is a piece of string?, but yes access roads, drainage, footpaths, landscaping included. Social and Affordable housing is exempt from development levies, but I have allowed 3k per unit towards associated costs. If the State was building 1000 houses then the professional fees could be kept in house and minimised. The contractors professional fees (engineers, surveyors, etc included in the amount). The State would also cover the cost of finance because it can avail of by far the lowest rate. Why would the State allow itself to be charged 10% on money it can get for 1%? VAT included in the figure.
And finally, how many houses have you delivered for €90k in the last 36 months?
Most of my projects are 2000sqft+ because the only people building houses are people with access to money. That's one facet of the problem. The only way to address it is for the State to step in and build houses.
If the State took half of the €500 million per year it gives to landlords to inflate their rents and instead used it to finance an affordable house building program it could build 50,000 units (€5-6 Billion investment). Half of these units could be immediately rented for €4-5k per annum and that would relieve the pressure on rents right across the housing market, saving the State hundreds of millions of euros that would other wise be given to landlords. The State could use the rent roll from the properties to finance the maintenance of the units, while also selling the remaining 25k units to recoup their cost and allow the creation of a further investment round for the next 50,000 units. By lowering the cost of living it would allow the creation of household wealth and feed back into the economy.