Building cost per square metre 2020. It is followed by the Algarve, which is … of 15,167 sq.

Building cost per square metre 2020 the ex-ante output prices of building contractors). Philippines Average Construction Cost. Most clients would make a mistake of only working with size of new extension and forget that entire ground floor is being effected by Rather than providing a single, catch-all figure, we’ve analysed data across regions to give a more nuanced look at building costs per square metre in 2024. It may include the cost of hiring the professional workers, the cost of buying the land, and the building Now, when you’re looking at the price of building a house, it’s understandable that you want to know how percentage increases impact the cost per square metre. Rates are current to 1 July 2022, and therefore represent the average What is the Cost of Building a House in Kenya in 2023? The average construction costs in Kenya this year range from Kshs 41,600 per square metre to Kshs 100,800 per square metre. High-benchmark contractor – £40,434, or £637 per sq metre. 45m wide = 3. The average price of land in the whole country was 91 euros per square meter However, the cost of building a duplex in Zambia can vary depending on several factors. It must be understood that the actual Building Permits 12050. 4 billion. Most of the major housebuilders in the UK use RICS's cost per The Average Building Costs in 2023 . It provides data from the Philippines Statistics Authority on average residential building costs nationally and by province in 2019. Note – In providing cost estimates the architect You can calculate the cost of building your new house in pounds per square metre of the floor area, so the bigger the floor area, the greater the overall cost. Looking at the rents offered over the last five years, the square metre prices even rose by +11. m as it tends to confuse people. The data is based upon input from a quantity surveyor on The French overseas regions (DROM) ranked third in the list, with an average price of 164 euros per square meter. For instance, a standard 146-square-metre Commercial Construction Costs per Square Foot by Building Type in 2024 1. 85: PHP/SQ. JUBM - Arcadis May 6, 2022 · The following handbook of information relating to the construction industry has been compiled by: Arcadis Philippines Inc. However, determining the exact cost can be tricky. The line graph Dec 19, 2024 · A good rule of thumb for calculating the cost of an extension per square metre is to budget £1,800 - £3,000 per m². If you’re planning a smaller home, like a 4-room house, the 4 room building material cost will also affect Building Costs in Ireland 2019-2020. . Per survey data from HomeAdvisor, the cost . 7% on the same quarter of the previous year. 108. Thus, your approximate Second storeys add as much as $1000 per square metre to the cost of a build due to structural complexity and additional materials and skilled labour. Building costs continue to be unstable, and 2024 looks to bring frustration to home builders as costs increase and building companies go bust. Unfortunately, the current Building Costs Per Square Metre – Value of Building Plans Passed by Larger Municipalities at Current Prices – January to October 2023. Here’s a list of costs you may not be aware are on the horizon 1. 75 to 2. 13 MB) Smart, Sustainable Buildings Connected Highways Advanced Industrial Facilities Let's stay in touch . Here’s a summation of average costs by province: Province: Estimated 2025 2020 (4th Qtr) Item Building Type Cost Range (SAR/m2) Residential 1 Villa - Commercial Specification 1,922 - 2,405 2 Villa - Medium Specification 2,592 - 3,792 • The average per square meter cost of institutional construction fluctuated since the first quarter of 2020. When converted, those building rates Building cost per square metre. More specifically, we cover the average A condominium is the most expensive residential property to build in the Philippines, with its price per square metre at 1. Very informative read, thank you. That estimate is probably still on [ez-toc] Cost of Building Property in South Africa – 2023/2024 AECOM 34 th Edition. However, you might expect to pay as little as $4,000-$6,000 for small metal buildings. This amount is an approximate amount for construction area & it does not include compound wall area. Building costs per square metre in South Africa generally range from R5,000 to R15,000, depending on the province and level of finishes. While prices increased significantly in the surrounding regions of the metropolises, they remained low in many Oct 18, 2023 · estimated cost of a particular building. Plus, a larger metal building costs upwards of $80,000. Building materials and fixtures price indices in the UK 2020-2023, by type; For example: it costs around KShs 35,000 per square meter to build a modest house in major towns of Kenya. metre, the costs will be divided into different stages of construction works such as piling, structure, system works, Higher-end homes cost upwards of R20,000 to build per square metre. Choose your finish then multiply by the regional variations table below to find out the approximate cost 1 day ago · Finally, typical renovation costs are around $2,000 – $2,500 per square metre. Depending The cost of that type of building ranged from 7,110 to 8,750 Canadian dollars per square meter. In 2010, the price Updated 11 July 2024 Summary. The cost of epoxy flooring is between $3 and $12 per square foot, while vinyl flooring (check out our comparison of wpc and spc vinyl flooring) Navigating the Building Cost Per Square Metre in South Africa can be daunting. Nice. 5 times those in northern England. 5 to 2 times the cost of a single family home, and 1. Construction cost of buildings per square meter in China 2013-2023; The average Sydney house occupies 625 square metres of land and costs $1. Building Costs Per Square Metre in Mexico 2022. 37 percent compared to the previous year. Our 2024 price guide breaks down building costs per square metre across the country. at $430 and $261 for high and low-end work. Nicholas Wanguya. In Philippines, Housing Index shows the average cost per square meter to construct a new Fees To secure a building permit for a class A building in a city, one is required to pay Shs2,200 per square metre of floor area, Shs1,700 in municipalities, Shs1,300 for town councils and Shs1 The data is primarily derived from government statistics or local property market reports that periodically track national or capital city square meter (or square foot) prices for residential The owner of this house chose to design her own kitchen to save money on the glass extension (Image credit: Jeremy Phillips) Single-storey extension costs. Cost-per-unit . Back in 2011 it was 98 euros. Unfortunately, the current The Building Control (Fees) Regulations, 2020 (Under section 52 of the Building Control Act, 2013, Act No. The Building Control (Fees) Regulations, 2020 (Under section 52 of the Building Control Act, 2013, Class A and B- building permit- fee for new buildings (Fee in Oct 29, 2020 · Labour costs are also a factor, with costs in some southern urban areas (particularly London) being as much as 1. 2 million, including structure (Kendall and Tulip (2018), updated) at an (unweighted) average cost of $1,965 per Average costs per square meter for building retail spaces in UK 2024; The most important statistics. 4%, which is significantly less than the jump in median house prices. dollars per square meter) Apr 30, 2024 · For a 1,000-square-foot home, the average framing cost is between $7,000 and $16,000, or $7 to $16 per square foot. In the United States, constructing a single-story office costs approximately $240 to $440 per square foot. In the year to June 2020, 59% of new builds were standalone Use the BMT Construction Cost Table as a useful guide to determine the cost of building a house as well as a variety of building types. " Chart. While the cost per square metre for refurbishment projects is less "Average cost per square meter of commercial construction in the Philippines from 1st quarter 2020 to 4th quarter 2023 (in 1,000 Philippine pesos). 3% in real terms). 10 of 2013) (Fee in Uganda shillings per square meter) CITIES COST OF DOING BUSINESS IN THAILAND 2020] [COST OF DOING BUSINESS IN THAILAND 2020] Baht US$ 5. The values fell momentarily during the year 2020 but immediately went up, favouring the owners and the real estate companies from all over the country. It rebounded to 16,381 sq. While the cost per square metre for refurbishment projects is less Jul 21, 2022 · The average cost for a house in 2020 was €1,059 per square metre, while in 2010, the average construction price was €946. Historically, average The cost to build a house from scratch in the UK can be between £130,000 and £600,000. Development Costs . Dwelling-houses below 80m2 (gross floor area – GFA) The total number of building plans Labour costs are also a factor, with costs in some southern urban areas (particularly London) being as much as 1. KDN : PP10466/05/2013 (032500) For private circulation to staff and business associates only. The cost of building property and infrastructure in the period 2023 to 2024 in the South African construction market is shown below, for various projects The NHBR building rates per square meter usually range between R8 000 to R20 000 depending on the type of building and its location. ft. 4 percent, accounts for the largest share of construction Estimates of the current range of costs across the globe for key building types. After comparing 2020’s building rates with the building costs in 2021, we’ve established that, overall, Jun 6, 2021 · handbook are Malaysian costs at 4th Quarter 2020. In 2020, we estimate the cost of building your own home to be between £1,800 Dec 6, 2024 · Monthly electricity prices in selected EU countries 2020-2024; Premium Statistic Global educational building costs by select city 2023 (in U. Commercial Office Building. This covers standard rooms, whilst lofts, basements, Understand build costs per m² to help plan and Jul 6, 2016 · Nationally, it would cost you an average of R8 163 per square metre to build flats, according to building plans passed by municipalities in 2015. Topographical site survey 4. Building materials and fixtures price indices in the UK 2020-2023, by type; Hardwood flooring installations cost between $6 and $25 per square foot. Taking the average of RM2,345 and RM3,320, your per sq m price will be RM2,832. GENERAL CONSTRUCTION DATA JUBM - Jul 9, 2024 · PSA (Philippines), Average cost per square meter of residential constructions in the Philippines from 1st quarter 2020 to 4th quarter 2023 (in 1,000 Philippine pesos) Statista, https://www How much does it cost to build a 3-bed house in the UK? Based on the houses we covered in this article, you can expect a 3-bedroom house with a gross internal floor area of 110 square metres to cost around £279,597, or £2,541 Aug 17, 2024 · 2020 No. In 2024, average The cost of building a home is commonly expressed in terms of cost per metre. Therefore if you have a three bedroom house with a plinth area of 130 sq mtrs, the cost of construction The square metre method involves measuring the internal gross floor area of a building and multiplying by the cost per m2, to get the total cost of building. 12F Quadrants B & C, 8 Rockwell Hidalgo Drive, Aug 26, 2021 · Building land in Germany has never been as expensive as in 2020. 2 years ago. This was The document discusses building costs per square meter in the Philippines. Link 4. This is essentially used to break down the average cost for a home per square meter. This gives you something to work to in principle In our Construction Costs In Kenya 2021 guide, we placed last year’s average building rates at Kshs 33,450 – Kshs 72,400 per square metre, which is equivalent to Kshs 3,135 – Kshs 6,785 per square foot. Architecture fees 5. Reply. Here’s a breakdown of costs by region: Region Low In 2024, it is expected that other types of buildings will be added onto this standard costs. Costs will rise by 14% over the forecast period (4Q2021 to 4Q2026). At 3. ed to achieve reliable levels of comfort. 1 percent of the sales price. 5 mm Thick: Shs 6,550 per Square Metre in the Western region, Shs 8,500 per Square Metre in the Nairobi region, and Shs 6,300 per Square Metre in the Coastal Region. With new builds coming in all shapes and sizes, the easiest way to predict prices is to look at costs per square metre. space is $295,000. 5% annually, but price rises have slowed markedly in 2023. On the other This section provides a list of approximate inclusive building cost rates for various building types in South Africa. According to data published in the latest Cordell Construction Index^ in July 2024, the cost of building a new home fell by 1. Building an apartment was costed slightly lower with the price per sqm estimated at €992, In Melbourne, building costs are $2576 per square meter, the highest in the country, followed by Brisbane ($2448 per square meter), Perth ($2142 per square meter), and Adelaide ($2070 per square meter) . e. m in October 2024, according to figures from INE. Among residential constructions, condominiums had the highest average cost of Php20,258 per square meter To make the decision a bit easier, let’s break down the overall cost and see how your dollars are being spent should you decide to build new. 1 year ago. However, this figure varies in specific areas such as North, West, and Central London. The internal gross floor area is measured within the external walls (i. Also, the tables provide Sep 1, 2020 · Looking forward from now to the end of 2020, the overall cost of construction for new tenders should not increase and when compared to the 4th quarter of 2019, we predict Jun 17, 2024 · Building material disruptions Between 2020 and 2023, supply chain disruptions, rising energy prices, Average price per square meter of urban land in Spain from 2004 to 2023, by size of city Nov 22, 2023 · Building A House Cost Estimator. Public sector industrial building demand is likely to soften to between $1. In many middle class areas, the cost of construction for a 2,000 sq. Building a house in Australia can be pricey, ranging from around $1,300 per square metre to $3,900 plus per square metre. 107. A general contractor will usually charge between 10% and 20% of the total construction cost as their fee rather than charging by the hour or per square foot. in the construction industry in Canada 2020-2024; building costs in São Paulo 2018, by To calculate building costs per square metre (m2) simply measure the length of an area followed by the width, and then multiplying these two figures to give a square metre (m2) total. The average home-building cost Oct 18, 2023 · on the rate/m² of the building. Mar 26, 2021 · M&E Costs for Selected Asian Cities 42 Unit Costs for Ancillary Facilities for Kuala Lumpur 48 Fit-Out Costs for Kuala Lumpur 50 2. The average cost of building a house in Australia can range The average steel building costs $17,500-$20,800, or $16-$20 per square foot. in 2013. Premium Statistic Building materials and fixtures price indices in the UK 2020-2023, by type Jul 6, 2016 · Construction: what are the costs per square metre? Stats SA distinguishes between various types of construction activities, including free-standing houses, townhouses, flats, Cost to build a house, per square metre. in 2015, dropped steadily from 2016 to 2018, before see-sawing during the last three years. Anyone considering a self-build or renovation/extension project will want to be able to refer to a reasonably accurate build cost per square meter (sqm) or square foot (sqft). The figures are based on actual projects that have been analysed and normalised for a Jul 20, 2020 · On average, builder profit is 9. Raw Materials Jun 27, 2023 · According to May 2023 data from the U. Top 10 Residential also has the highest average cost of construction, which is at Php12,128 per square meter. 40,055 per sq. If your budget is under $400,000 For this budget, you could build a large three Building Costs Per Square Metre in China – Arcadis & National Bureau of Statistics China is the world’s most populous nation with about 1. ft. Total cost cost per square metre of buildings completed in the private sector, 2000-2022: annual: 03 apr 2024: construction and land development survey – detailed results, 2021: On average, the cost to build a house ranges from £1,840 to £4,300 per square metre. If the calculation already shows Currency per square foot, no Building materials and fixtures price indices in the UK 2020-2023, by type; Building costs per square meter for residential properties in Russia 2018, by type; Based on the most recent consenting figures, the average NZ wide per-square-metre build cost is now just north of $3200. The results shown are 4 days ago · Koste Building Constructions Cost guide provides a great tool for property builders and investors to have a better understanding of the building cost. Legal fees 2. The cost per From 2020 to 2021, the average price per square metre rose from $2359 to $2463, an increase of 4. Quarterly Construction Cost Review Q1 2020 - Hong Kong and China download pdf (1. 00: 13848. Stamp duty and land tax 3. In addition to costs per sq. Using figures from New York City, Boston, Washington DC, Philadelphia, and the Raleigh-Durham area, we’ve come up with the average cost per square foot for Using the Private Sector Price per Square Foot data for 2024, it’s relatively simple, as illustrated in this example. The national average cost We’ll be sure to include landscaping costs (per square metre) in our subsequent posts. The figures for the construction of a regional mall are $575 and $400 per In 2025, the average price per square meter for self-builds in London, ranges from £2500-£4000, depending on the number of storeys, building materials and various construction methods. 0 billion and $5. ; Overall, the average building cost per square metre in Jul 25, 2024 · And as building costs per m² have increased so, This has a lot to do with the types of houses we’re building. The chart below gives cost estimates to build a house across a range of sizes, using a low-end cost of $100 per square foot, an average modern build at $155 per square foot, and a high Building costs per square metre have reached historic highs over the last couple of years, driven by several factors which we’ll touch on in this article. written by Tracey Sludds work is to a specific design and/or with high quality finishes use a figure in the order of €2,600 to € 3,400 plus per m 2. 1. For example, see these average Homeowners across the US report spending an average of $190,000-420,000 to build a new 2,000 sq. provided a $25,000 grant towards new houses for eligible contracts The construction cost for each square metre of building gross floor area (GFA). 55m long x 1. That said, even for a high-level estimate, you should also be accounting for construction cost escalation between the Data within this application for Building Costs are current as at Q4 2024 and are subject to change. The results shown are indicative only and are to be used as a guide only. Average cost per square meter of building hotels in UK 2016 and 2018 Brazil: residential building costs in São Paulo 2018, by building type Asia's building construction costs in Asia by country 2014 Share of housing stock in France 2023, by building type; Number of newly built homes sold in France 2017-2023, per quarter ; Average sales price of new single-family houses in France 2015-2023 The rates listed below are average rates gathered 6-12 months prior to publication, and typically 20-30% out on current actuals in the marketplace. 0. The Federal Statistical Office (Destatis) reports that the average price of one square metre of developed building land was 199 euros. 73 in the first quarter of 2019, remained stable throughout the year, and Building Costs Per Square Metre in Western Cape Province, South Africa The Western Cape province of South Africa has 6 districts if you include the City of Cap As at December 2020 – R8,769 per m2. metre; Kenya’s Building Costs In 2020 vs The Building Costs In 2021. The cost of building Jul 15, 2024 · "Average cost per square meter of non-residential constructions in the Philippines from 1st quarter 2020 to 4th quarter 2023 (in 1,000 Philippine pesos). These costs are based on all the factors covered above. S. -1. It covers everything from the building costs per square metre for warehouses, schools, and office buildings, to the This corresponds to a price increase of +2. Mid-benchmark contactor – £37,156, or £586 per sq metre. That goes up if you have multiple stories or a large garage. 1 times the cost of an apartment. house. With the typical cost to build a home 2015-2020: house prices rose by an annual average of almost 6% (5. ” Costs throughout South Africa. 9 billion in 2020. 1%. 00: Units: Nov 2024: Housing Index 12492. Census Bureau, the average sales price of a new single-family home was $487,300, up from $464,200 in 2021 (median sales price was $416,300). *Available at The average single-family home size in the 2019 NAHB Construction Cost Survey is 2,594 square feet of finished floor space, the smallest square footage since 2011. floor area The BCIS General Building Cost Index rose by 2. £1,500 to £3,000 per square metre: Connecting electrics and plumbing: Up Building a new house costs an average of $150 per square foot. Flats are followed by office space (R8 092 per square metre), shopping space (R7 Average costs per square meter for building retail spaces in UK 2024. Structural engineer fees 6. February 22, 2024. Higher costs are The average cost of building a home is up 9. And as building costs per m² have increased so, too, have the average prices of consented new builds in most regions: This has a lot to do with the types of houses we’re Building Costs Per Square Metre in Australia – ABS Statistics Cost of Building Detached Single Family Homes Cost of Building Semi-Detached Townhouses Cos The construction of LIV Anura and Quay is in progress, with the later The above costs are at 4th Quarter 2020 levels. It is not possible to use the BER Building Cost Index to obtain information on the General Contractor Costs. The cost of a toilet block per square metre is much greater than that of a house containing one bathroom as the high cost of the bathroom area is Jul 24, 2021 · Administration Office: Kshs. The number of bedrooms in your home directly influences total square footage and cost. Koste Building Constructions Cost guide For a project for the development of a neighborhood strip mall, we have the range of building costs per sq. 97: 11447. In the 3 rd quarter of 2024, the prices of residential property (house price index) in Germany decreased by an Suzanne: It is very hard to calculate cost per sq. For example a room 2. with a median house price of €2,523 (US$2,666) per sq. Rates are in national currency. Here’s an example: The total cost of a $350,000 The data is primarily derived from government statistics or local property market reports that periodically track national or capital city square meter (or square foot) prices for residential The average cost of building a house NZ. Planning application fee Dec 21, 2021 · In 2020, the national average price per square metre was 165 euros. If you're planning on building a fairly straightforward, box According to this data, The average building costs in the North West amount to R5 060 per m2 – R4 550 less than what it costs per square meter in the costliest province for construction, namely KwaZulu-Natal at R9 610 per These homes typically cost about $100 to $200 per square foot, which translates to an average of $300,000 for a 2,000-square-foot home. With New Zealand experiencing annual Average costs per square meter for building retail spaces in UK 2024; The most important statistics. Jan 1, 2025 · The lowest cost for a building is: £490/m 2; The 25% quartile cost of a building is: £1,850/m 2; The median cost of a building is: £2,410/m 2; The 75% quartile cost of a building Nov 28, 2022 · “Building Costs per Square Metre” reflect the usual price range for typical buildings with average site conditions including allowances for Builder’s preliminaries, overheads and While most people factor in the cost of the land, building materials, and contractors, many get caught out by the little things. Notes: The construction costs above serve only as a guide for preliminary cost appraisals and budgeting. Square Meter Overall it is estimated that the cost of building the house will come in at 750-900 euros per square metre of house built. Hilda. Use our handy price guide to figure out your project total. Data within this application for Building Costs are current as at Q4 2024 and are subject to change. In Australia, the average cost of building a house is $2,020 to $4,300 per square metre. The average home construction price in Australia is between $1300 to $4000 per square meter. 84 percent. Follow Us +31 (0)88 4261 261 The average per square meter cost of industrial construction fluctuated since 2020, with the lowest per square meter cost in the third quarter of 2023. Construction Cost (9) (1) (2) Per square meter Industrial Building Standard Class A building permits will be charged at sh2,200 per square metre in cities, sh1,700 in municipalities, sh1,300 in town councils and sh1,100 in sub-counties and district local governments. rate per Oct 14, 2019 · The BCIS quarterly review of building prices provides detailed average building prices, which are categorised by building function. The final cost can come in higher as there is a The total construction project cost includes the overall cost you have to pay to build a whole building. The Price/Rent Ratio; GDP Per Capita; GDP/Cap Growth; Price Changes; Q-O-Q Changes; Key Investment Data; Asia. This article aims to provide clarity on the matter and answer some of the most common questions about the cost of building a duplex in Zambia. Building Cost Per Square Foot. 69 Cost per square meter is a unit of measurement used commonly in the building industry. In 2021, the average lot size of homes Commercial cost per square foot in the Eastern US. total industrial building construction demand is projected to moderate to between $5. For various reasons, however, decisions are often based on inclusive rate estimates, i. 3% in 4th quarter 2021 compared with the previous quarter, and by 10. 45%, the average The graph below shows average construction cost per square meter vs average labor cost [1] for a “medium quality” home (click to embiggen): The first thing that jumps out here is how insensitive construction is to labor Building materials and fixtures price indices in the UK 2020-2023, by type; Price of hard and soft timber worldwide 2005-2023; Average costs per square meter for building retail spaces in UK 2024; Building Costs Per Square Foot in Canada – Altus Group Statistics Building Costs in Vancouver, Calgary, Edmonton, Winnipeg, Toronto, Ottawa, Montreal, Ha The consulting firm has interfaced with a total of 3,930 projects in 2020, of Building a home averages $150 per square foot, or about $300,000 total for a 2,000-square-foot home. As a very rough starting point, $1,500 per m2 total industrial building construction demand is projected to moderate to between $5. Finland (National) House Price Index: Average price In April 2022, the Australian Bureau of Statistics reported that the average cost of building a home in Australia was around $473,000, but this figure includes the cost of building both units and detached homes, so it might be The data is primarily derived from government statistics or local property market reports that periodically track national or capital city square meter (or square foot) prices for residential The online house build cost calculator displayed above produces approximate costs of various sizes and types of houses plus also weights it based upon the buildings location. 7 Prices for Calculations. For example, building a house in a regional area using Low benchmark contactor – £33,647, or £530 per sq metre. This is equivalent These figures are derived from buildings constructed during the fourth quarter of 2023 and show only a modest increase in construction costs in Canberra over the prior year (since 2020, when the costs were $1700 - 3400 Your subscription grants instant access to a wealth of regularly updated data, covering everything from the building costs per square metre for a range of different buildings, to the indicative To illustrate a simple example, let’s say you want to build a 120 sq m, single-storey detached house in KL. Global educational building costs by The BER Building Cost Index is a unique index, as it is based on an analysis of accepted tender prices (i. That’s an increase of about $1000/square metre from early 2020. Note that these costs are average only and vary widely depending on the specific job conditions. Of the major stages of construction, interior finishes, at 25. Building Costs Per Square Metre in Nigeria – All Types of Dwellings Building Costs Per Housing Unit in Nigeria – All Types of Dwellings Research Metho December 2020 (1) November 2020 (1) October 2020 (1) September 2020 (2) This shows that the average estimated construction cost (excluding land) of all new dwellings consented in the September quarter of this year was $2494 per square metre. That's up from $2391 per square metre in Please check with your contractor or visit our nearest UBS store for a custom cost estimate as per your requirement. As a rule of thumb, you can expect to spend anywhere Find out the rough average square metre costs of building from your local builder, architect or quantity surveyor which will help you keep your project plans at a realistic level. 50. Cost per square meter varies throughout South Africa. As at March 2021 – R7,535 20 December 2024 Prices of residential property in the 3 rd quarter of 2024: -0. 7% compared with a year earlier. Public sector industrial building demand is likely to soften Mortgage Interest Rates; Prices and Rents; Square Meter Prices; Transaction Cost; Property Taxes; Rental Income Taxes Country Ratings; Archive; Regional Data Europe. It is followed by the Algarve, which is of 15,167 sq. The price per square foot to build a house varies by ZIP code, so your location will cause that number to fluctuate. The construction cost for each apartment, house or bedspace. 8 mm Thick: Shs 8,450 per Square Metre in the In Melbourne, building costs are $2576 per square meter, the highest in the country, followed by Brisbane ($2448 per square meter), Perth ($2142 per square meter), and Adelaide ($2070 per square meter) . Prospective Global Sentiment and Building Costs 45 Africa Outlook 2018 45 Africa in Figures 47 Africa Building Costs 51 Global Building Costs 53 Section 06 International Prestigious Office Rental How much will it cost to build a 3-bedroom house in Cape Town? The construction cost of a house in Cape Town can vary, with an average cost of around R13,150 per square metre.