Call for construction of European-style apartments

Written By Unknown on Selasa, 05 Agustus 2014 | 22.40

Tuesday 05 August 2014 16.37

The Society of Chartered Surveyors has called for the construction of more European-style family apartments.

The society said that if future apartments were designed for family living it would reduce pressure on the supply of traditional three and four-bedroom homes.

It also called for a reduction of VAT on new home building to help tackle the housing supply problem.

The society has said it is concerned at rising house prices and the low level of house building currently being undertaken.

It published a strategy today that it said would ensure adequate supply of houses in urban areas and in Dublin in particular.

Among the measures proposed is an exemption of the property tax for people trading down, the establishment of a builders' finance fund, and the introduction of a vacant site levy on vacant sites with residential development potential.

The society said the builders' finance fund would help smaller builders and would speed up housing developments of between 15 and 250 units that have slowed down or stalled.


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