New planning bill fails to deliver ‘radical overhaul’ required to overcome housing supply issues

Lotus Investment Group, a lender to developers, called on the government to introduce ‘effective measures’ to reduce construction costs

The Planning and Development Bill 2023 is “not as radical as promised”, warned Ian Lawlor, managing director of Lotus Investment Group. Picture: Getty

The government’s new planning legislation is not the “radical overhaul” required to overcome the planning delays and supply issues hampering the housing market, according to a lender for housing developers.

Ian Lawlor, the managing director of Lotus Investment Group, warned that there was a “clear need” to re-evaluate planning frameworks so that they keep pace with changes across housing demand and delivery.

“The recently approved Planning and Development Bill 2023, the third largest piece of ...