BUSINESS GROUP IBEC has warned that the housing crisis is a critical barrier to continued growth and business investment.
It has also issued some “key recommendations” which the group claims would “cut the cost of new home by €30,000”. Ibec’s director of lobbying and influence Fergal O’Brien said: “An inadequate supply of affordable housing is the single largest impediment to attracting and retaining talented workers, without whom business investment and expansions are not possible.”
He said this will include “reform of the planning and procurement system to speed delivery, a ramping up of ambition in affordable and cost-rental housing, and significant investment in skills and modern methods of construction”. Ibec said “improved tax treatment of landlords’ expenses” could be achieved “while also ensuring greater security for tenants”.