Pyrite remediation to cost estimated €230m by 2026, figures show

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Scheme for those affected by mica and defective blocks could cost State more than €3.65bn

“It is unlikely that applications will cease entirely after 2026 but it is expected that they will reduce at a gradual rate thereafter and that the annual spend will drop significantly year on year,” the summary said.

Affecting between 62,500 and 100,000 dwellings, the average cost of undertaking the remediation of defects is likely to be approximately €25,000 per apartment or duplex, the summary states. “This translates into a potential overall total remediation cost ranging from approximately €1.56 billion to €2.5 billion,” it said.

 

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