Developer O’Flynn slams budget snub

Coalition failed to takes steps to stimulate the struggling construction sector, says builder

The Central Bank have strict guidelines for mortgage lending

One of the country’s most high-profile homebuilders has criticised the government for failing to introduce budget reforms to stimulate the building sector.

Cork developer Michael O’Flynn said that the industry was struggling to make the economics of building stock up, which is having a knock on effect on housing provision.

“Today, incentives are required to bring about viability. That’s the blunt reality.

“We need incentives if the government is serious about housebuilding restarting,” ...