New homes supply has ‘gone into reverse’, claim property lobbyists | Business Post

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New homes supply has ‘gone into reverse’, claim property lobbyists – killianwoods reports.

Pat Farrell, chief executive of Irish Institutional Property: says that 7,000 higher density schemes have been quashed by judicial reviews. Picture: Fergal Phillips

Property sector lobbyists have hit out at what they describe as the government’s “unambitious” housing targets, and claimed that “positive headlines” of increased commencements hide the reality that the supply of new homes has “stagnated and gone into reverse”. Pat Farrell, the chief executive of Irish Institutional Property , said there is “no prospect at all” that Dublin City Council will meet its target of 27,500 homes...

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