Thursday February 20, 2020

House price rises will trigger more building, says Abbey boss

Charles Gallagher says a rise in wages is “good for house building” because it “allows the customer to pay more”

Barry J Whyte

Chief Feature Writer

@whytebarry
16th July, 2017
2

Property prices will have to increase to trigger supply, according to Charles Gallagher, the executive chairman of house builders Abbey, who claims that “we’re a long way from a bubble”.

Gallagher, whose company last week announced pre-tax profit of €63.5 million, up from €61.5 million, said a rise in wages is “good for house building” because it “allows the customer to pay more”.

In an interview with...

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