Housing

Housebuilding ‘surges’ as developers rush to avail of levies waiver

A new report by Goodbody has shown apartment building in Ireland has doubled year-on-year in the first three months of 2024

Developers rushed to start work on housing sites in recent months to ensure their projects avail of a waiver on development levies

Developers rushed to start work on housing sites in recent months to ensure their projects avail of a waiver on development levies, which are used by councils to cover the costs of roads and public infrastructure.

New analysis by Goodbody, the stockbroker, has shown a “surge” in the commencement of works on new homes in the first quarter of the year.

The spike in activity has been linked to the Temporary Development Contribution Waiver Scheme, ...