Chartered surveyors warn increased construction costs leading to projects being paused or cancelled as they are ‘no longer financially viable’
The SCSI has said it disagrees with the “counterproductive” introduction of a 5 per cent concrete levy earlier this month, which it said will contribute to construction costs.
“While we understand that the Government wants to seek a contribution from relevant stakeholders to the cost of remediating defective homes, the introduction of a levy on concrete blocks and concrete pouring other than in precast products will further challenge the viability and affordability of new homes including apartments at a time when it should be doing everything possible to drive down costs and increase the output of new homes,” said Mr Hollingsworth.
He said that steps need to be taken to resolve delays with connections, and to establish a “more efficient and streamlined service”, calling for further financial resources to be given to Uisce Éireann and local authorities to attract staff. Chief executive of the SCSI, Shirley Coulter, said that this would “incentivise developers and investors to engage in the construction of new housing, address the ongoing shortage of supply and contribute to improved affordability and accessibility”.
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