'Plan early' — homebuilders warned building costs are set to rise 12% by 2030

A builder and timber next to a brick house shell
Overall building costs are set to rise 12% by 2030 (Image credit: Getty Images)

Homebuilders and renovators face a challenging landscape as building costs are set to rise by 12% over the next five years, according to the latest forecast from the Building Cost Information Service (BCIS).

With tender prices also expected to increase by 15% and new work output predicted to grow by 19%, those looking to build or renovate must prepare for shifting costs and market conditions.

Joseph Mullane
News Editor

News Editor Joseph has previously written for Today’s Media and Chambers & Partners, focusing on news for conveyancers and industry professionals.  Joseph has just started his own self build project, building his own home on his family’s farm with planning permission for a timber frame, three-bedroom house in a one-acre field. The foundation work has already begun and he hopes to have the home built in the next year. Prior to this he renovated his family's home as well as doing several DIY projects, including installing a shower, building sheds, and livestock fences and shelters for the farm’s animals. Outside of homebuilding, Joseph loves rugby and has written for Rugby World, the world’s largest rugby magazine.