Mr Ó Broin said tens of thousands of homeowners and tenants affected by Celtic Tiger-era defects needed these issues addressed quickly and some homeowners faced immediate repair costs of €70,000.
He said the Construction Defects Alliance had also expressed concern about “trying to shoehorn this scheme” into the pyrite defects operation. “We need stand-alone legislation,” he said. The group had sought retrospective tax credits as a means to ensure that fire safety works on defective apartments would continue in 2022 and 2023.
Insurance cover may also be withdrawn on many developments meaning owners can’t sell or re-let and will have no recourse if there is fire or other damage to their apartments, and the “stress and anxiety levels for apartment owners will massively increase”, the CDA said. Mr O’Brien there would be a new revenue stream of €80 million per year via a levy on construction products established in Budget 2023 to help fund any future remediation commitments.
The people who supplied the defective products should be sued,but one has to ask why this hasn’t happened yet, are the owners party contributors
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