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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.

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.

Read the full report hereĀ 


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