Owners of defective apartments need 100% redress scheme funded by industry levy, says SF

  • 📰 thejournal_ie
  • ⏱ Reading Time:
  • 51 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 24%
  • Publisher: 50%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

Sinn Féin is proposing that a defective apartment redress scheme is funded through a levy on the profit of large companies, such as cement manufacturers, construction companies and banks

Homeowners speak about urgent need for Government redress scheme to address fire defects in 100,000 apartments. Image: Alamy Stock Photo A 100% REDRESS scheme to deal with defective apartments around the country is badly needed, according to Sinn Féin which is tabling a motion on the issue this evening.

The number of homes that may be affected by one or more defects could range between 50% and 80%, the report said, with the overall remediation cost likely range between €1.6 and €2.5 billion. In addition, any scheme that is established should be retrospective so homeowners who may have paid for redress to date are able to reclaim that money back.

“The taxpayer shouldn’t have to foot this bill… unfortunately, the taxpayer is on the hook … but ultimately, industry needs to be brought to the table,” he said. Tánaiste Leo Varadkar has previously said “there will have to be Government assistance for people who, through no fault of theirs, purchased apartments that are in buildings where there are defects and those defects have to be repaired”.His comments come ahead of Feargal Ó Coigligh, Assistant Secretary of the Department of Housing appearing before the Oireachtas Housing Committee today to discuss the issue of quarries and quality controls of building materials.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

The builders who bought cheap porous stone charged a fortune for houses got all this good work signed and paid for homebound and insurance why don't these pay for the repairs on the defective houses they built

Anyone against this is against Irelands citizens For too long the government have been playing with companies at the peoples expense Accountability now

And around and around we go, the same aul scutter from the Anti-Sinner Bots

This is lazy populism wanting charges or taxes which big companies would just pass on to customers. Loading taxes on cement companies when more houses are wanted is some species of madness.

Why do these people always propose policies that they claim will help to house people, but which hurts the housing market? It's almost like they want to destroy it or something. Taxes on construction and other red tape is a big reason we're in this mess in the first place

As communist do.

He doesn't need clothes, obviously he's wearing the same t-shirts for nearly a year now.. stop sending money to this war criminal 😡 setting russian soldiers on fire in bubble wrap, planting bombs outside nurseries filth thank god for internet eh ...lies are exposed

Engineers are still responsible. SF are just trolling first time buyers

Or how about the stop the cronyism with public money, close the boarder and build loads of properties by contracting globally for companies to build property.

Will High tech and pharma be getting very nervous about these guys? Would they pull the plug?

So onto the people trying to build their homes

Sinn who🤔

Another bailout for the rich while the poor don't get a say in the running of our country.

In an ideal world it would be a solution, but we all know that the customer would ultimately end up footing the bill. To counteract the levy, they’d just raise prices.

A good shout for once.

The billions the government is pissing away on Ukraine should be used to help Irish people.

A no brainier but the politics of populism.

And these companies will increase the costs charged to the customers to cover the shortfall

Correct me if I am wrong but did SF not object to the concrete levy?

Are they for real?

The anti-business party.

What about their buddies who made and sold most of the defective products

Simpletons propose simplistic solutions they know have no chance of being implemented for purely populist purposes!

Why should bank's pay for defective buildings . Populism

And who do they think will actually end up paying this 🙈

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 32. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines