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Calls for apartments 'suitable for family use' in Dublin

The professional body for the property and construction sector says European-style family apartme...
Newstalk
Newstalk

13.26 5 Aug 2014


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Calls for apartments '...

Calls for apartments 'suitable for family use' in Dublin

Newstalk
Newstalk

13.26 5 Aug 2014


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The professional body for the property and construction sector says European-style family apartments could be the answer to the Dublin housing shortage.

The Society of Chartered Surveyors Ireland (SCSI) has unveiled a 10-point plan to address the national shortage.

This includes a new fund for builders, cutting VAT on new homes; and a property tax cut for people who trade their homes for smaller properties.

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The housing shortage is most acutely felt in Dublin, where the lack of supply has in part to price rises of up to 40% over the past two years.

The group also wants to see a reduction to development contributions for a period of two years, a streamlined planning process to speed up decisions and reduce delays, and a reduction VAT on new home construction from 13.5% to 5% for two years.

The construction sector is also calling on the government to set-up a new fund for builders.

The SCSI says a fund - similar to that set up for small businesses - could be part of the solution to the housing issue.

SCSI spokesperson Simon Stokes says apartments - and not semi-detached homes - could be the answer.

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