The organisation said the Government must therefore urgently deliver a range of policies to speed up housing delivery.
Ibec said a recent survey of CEOs found that more than 70% of firms pointed to housing availability as a challenge to their operations this year. The report recommends that a temporary VAT refund worth 5% of the price be introduced for those buying new build homes, which it claims would assist with offsetting rising construction costs.
There should also be improved tax treatment of landlords' expenses and greater security for tenants, the analysis claims, to help boost the functioning of the rental sector. The analysis also says the development of digital and other relevant skills in modern building methods need to be encouraged and accelerated capital allowances for investments in new building technologies introduced.
Yes let the people build homes for their families not just the rich getting richer
IBEC are constantly calling for more work permits to be issued for low skilled labour from non EU countries. Maybe issuing less work permits is the solution?
Darragh said we have turned the corner on the target that is 70% smaller than the target needs to be, so we're grand thanks 👍 Can't build overnight or in 12 years so cool the jets Ibec
Nothing will speed up while the docile alledged housing minister is in the job
ibec_irl 2006 / 2023 Units Built: 90k / 30k CGT & CAT 20% / 33% Income tax & USC 20-40% / 27- 51% Property tax reliefs: €400m / €70m+ All the above have implications for every component of housing.
DaraghOBrienTD
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