Government considers plan to buy dormant housing projects

Buying developments which have planning permission but have not been commenced would release over 17,000 homes for cost rental housing

Darragh O’Brien, Minister for Housing: said recent global interest rate increases have caused some developers difficulties with getting finance to build housing in Ireland.Picture: Gareth Chaney/Collins Photos

More than 17,000 homes, which are connected to projects delayed for more than two years, would be available to the government if it pursues plans to buy up dormant housing projects, new analysis has shown.

Since the beginning of 2018, 18,952 houses and 65,597 apartments – in large residential developments of at least 100 units – have been granted planning permission. During that same period, 17,813 student beds have been approved.

Darragh O’Brien, the Minister ...