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Cost of Building Apartments Too High

Solidarity-People Before Profit say the State is the only entity that can solve the housing crisis....
TodayFM
TodayFM

1:53 PM - 13 Sep 2017



Cost of Building Apartments To...

News

Cost of Building Apartments Too High

TodayFM
TodayFM

1:53 PM - 13 Sep 2017



Solidarity-People Before Profit say the State is the only entity that can solve the housing crisis.

The Construction Industry Federation says land costs, levies and tax, as well as a lack of finance mean it’s impossible to turn a profit in affordable apartments.

People Before Profit TD Richard Boyd Barrett says the State has to step in;

Cost of Building Apartments Too High

00:00:00 / 00:00:00

ItÂ’s not viable to build so-called affordable apartments, due to the cost of construction.

A leaked report from the Department of Housing finds that the profit margins on apartments worth 240 to 320 thousand euro are too slim.

But a housing expert has questioned the figures, saying they appear to have risen astronomically in 2 years.

Juliette Gash reports;



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