Cost inflation and permission timelines are largest barriers to housing, sector experts say
Monday, 03 October 2022
In this interview, Partner and Chair of Property at ByrneWallace LLP, Michael Walsh, speaks with the Sunday Business Post about the findings of a recent survey of 300 key housing industry experts, conducted by ByrneWallace LLP, in association with Property Industry Ireland, which revealed that construction cost inflation alongside planning permission and judicial review timelines are deemed the two biggest challenges facing the sector.
The survey was conducted in advance of the firm's recent Housing Convention which brought together key industry leaders and expert representatives from both private and public sectors, traditional and alternative lenders, investors and developers, to debate and discuss how supply and demand are impacting the Irish residential property market, and the types of funding required to meet current demand, in addition to funding options available to overcome the current housing market crisis.
Click here to read more details of the survey findings and the interview in full.
Please note that the content of this summary does not amount to professional advice. Legal and tax advice should be sought in respect of specific queries. This update is provided on the basis of information available as at October 2022.
